Author's Summary
Monad's MON token surged 78% post-launch after three years of development, fueled by market recovery and Bitcoin's rebound, while a Coinbase disincentive curbs early sells for sustained value.
Token Launch Success
Monad's MON token launched strongly, exceeding its initial offering price and delivering big profits to buyers. The blockchain went live on Monday following over three years of development, outpacing many rivals. Demand spiked right after, pushing the token's value up 78% toward a $4 billion valuation from an initial $2.5 billion.
Market Recovery Boost
A wider crypto rebound, including Bitcoin's 5% rise from lows after an October leverage wipeout, amplified the rally. Smaller assets like MON gained from this positive momentum.
Sale Details and Stability
From November 17-22, Monad sold 7.5 billion MON tokens at $0.025 each via Coinbase.
Most investors who purchased the token during the sale were able to sell it immediately after the blockchain launched. However, Coinbase said those who do will find it harder to receive allocations in future token sales, discouraging quick dumps.
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