Monad’s MON Token Jumps 46% After Early Slide Amid Market Slump

The current market slump did little to dampen interest in Monad’s new MON token, which picked up solid traction soon after launch. As Monday afternoon settled in, the asset was changing hands near $0.0365, marking a gain of about 46% from its $0.025 sale level. It did touch roughly $0.02 shortly after distribution began, but it swiftly recovered and pushed higher, signalling firm demand despite the wider market downturn.

MON Sees Strong Initial Performance

The MON token went live on November 24 alongside the Monad mainnet rollout, attracting backing from key industry names, including Phantom, Curve, MetaMask, USDC, and USDT, among others, giving the project a strong start.

That initial momentum continues, as MON has gained more than 14% in the past 24 hours on Coinbase, reflecting steady enthusiasm for the asset. Broad exchange coverage, spanning Bybit, Coinbase, Kraken, Upbit, Bitget, MEXC, and BitMart, reinforces its visibility, trust, and liquidity.

MON Public Sale Sees High Demand, Concerns Addressed

The token launch came shortly after Monad wrapped up its public sale on Coinbase, which ran for a full week and marked the first event on the exchange’s new token-launch platform. The layer-1 blockchain reported that the sale attracted $269 million in commitments from 85,820 participants, exceeding the $187.5 million allocation by 1.43×. Buyers represented over 70 countries, and Coinbase’s internal surveys indicated that most participants planned to hold their tokens rather than pursue short-term gains.

Despite this strong turnout, some users raised questions before the token’s release about wording in Coinbase’s guidance on token sales. The instructions suggested that quickly selling tokens could influence future allocations, which led some participants to worry that transferring MON for use within the network might be treated similarly. Coinbase later clarified that these concerns were unfounded, confirming that moving tokens to engage with the network would carry no negative consequences for participants.

Token Distribution and Locked Supply Structure

During the airdrop phase, about 76,000 addresses received a combined 3.33 billion MON, drawn from the 4.73 billion tokens allocated for this purpose. In addition, 7.5 billion MON were distributed through the public sale conducted on Coinbase.

At launch, around 38.5 billion MON entered circulation to fund network activity and support ecosystem growth. Just over half of the total supply—50.6%—remains locked, set aside for the project team, initial supporters, and the foundation’s reserve. These tokens are scheduled to vest gradually through 2029, with unlocking not beginning until the second half of 2026.