Monad’s MON token soars 46% despite a declining market

The general decline in the crypto market has not dampened interest in Monad's new MON token, which quickly gained traction after its launch. As of early Monday afternoon, the asset was trading around $0.0365, an increase of approximately 46% from its sale price set at $0.025. Although it briefly fell to $0.02 just after the distribution, it immediately rebounded, demonstrating strong demand despite the overall decline in the markets.

MON sees strong initial performance

The MON token officially hit the market with the launch of the Monad mainnet on November 24, immediately gaining support from major projects such as Phantom, Curve, MetaMask, USDC and USDT. This solid foundation allowed the token to start in a favorable climate.

This dynamic is confirmed: MON still displays more than 14% increase over 24 hours on Coinbase, reflecting an interest which is not weakening. A broad listing — including Bybit, Coinbase, Kraken, Upbit, Bitget, MEXC and BitMart — strengthens its liquidity, visibility and confidence around the project.

A public sale under high demand, concerns lifted

The launch of the token comes just after the end of Monad's public sale on Coinbase. This took place over a week and constitutes the very first event of the new exchange launch platform. Blockchain layer-1 reported that the sale saw $269 million in commitments, from 85,820 participants, exceeding the planned allocation of $187.5 million by a factor of 1.43. More than 70 countries were represented, and surveys conducted by Coinbase reveal that the majority of buyers plan to hold their tokens rather than sell them immediately.

Before the launch, however, there were concerns about some wording in Coinbase guidelines. These suggested that a rapid sale could penalize future allocations, leading some users to fear that simply transferring MON tokens to the network could be considered a sale. Coinbase quickly clarified the situation: no sanctions apply to moving tokens to participate in the network, putting an end to doubts.

Distribution of tokens and locked supply

During the airdrop, approximately 76,000 addresses received 3.33 billion MONfrom the 4.73 billion allocated to this distribution. In addition, 7.5 billion MON were distributed as part of the public sale conducted on Coinbase.

At launch, 38.5 billion tokens entered circulation to support network activity and ecosystem expansion. However, 50.6% of the total offer remains locked, reserved for the team, early supporters and the foundation. These tokens will only begin to be unlocked from the second half of 2026, with gradual vesting until 2029.