imo monad and $mon will have the story repeated as it happened with $bera $blast $s and happening with $xpl
big airdrop at mainnet creates spike in attention in ct -> TVL spikes after mainnet launch as mercenary capital enters -> farmers farm and sell till it’s +EV -> eventually leaving and coming back to solana and eth l2s like arbitrum and base
in terms of EV, teams win, farmers (both airdrop and yield) win, the only ones to lose are token buyers who get in at peak momentum thinking it will continue but providing exit liquidity
this cycle will keep repeating until toke buyers learn their lesson and stop becoming exit liquidity
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