8 Million MONAD Dumped By Whales — Will the Price Hold Up?

The post 8 Million MONAD Dumped By Whales — Will the Price Hold Up? appeared on BitcoinEthereumNews.com.

Monad is facing renewed pressure after a sharp dip in price triggered by broader market weakness led by Bitcoin. The pullback has shaken investor confidence, resulting in notable selling activity across key cohorts.  As sentiment shifts, the question now is whether MONAD can stabilize or whether deeper losses are ahead. Sponsored Sponsored Monad Whales Turn To Selling Whale activity has become a major concern for MONAD holders this week. On-chain data shows that large wallets holding more than $1 million worth of MONAD — excluding exchanges — sold over 8 million tokens in just 24 hours. This scale of distribution signals a clear decline in confidence among influential holders, who often drive major price movements. Their exit from the asset could create additional downward pressure if the trend accelerates. Such aggressive whale selling typically reflects expectations of further decline or a desire to reduce exposure during periods of volatility. Since these wallets hold a significant supply, their collective moves can sway price direction sharply. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Monad Whale Activity. Source: Nansen The broader activity on the Monad network also paints a cautious picture. Active addresses have been steadily falling over the past week, with activity nearly flatlining in the last few days. Active addresses represent users interacting with the chain, whether through sending, receiving, or executing transactions. Sponsored Sponsored This drop in activity reflects uncertainty among MONAD holders. As long as market conditions remain unfavorable, user engagement may stay muted, limiting the organic demand needed to support price recovery. A revival in active addresses is essential for regaining momentum. Monad Active Addresses. Source: Dune MONAD Price Might See Decline Monad’s price is down 5% in the past 24 hours, trading at $0.029 at the time of writing. The…