Monad (MON) Surges 42% as Mainnet Launch Goes Live With $105M Airdrop
The post Monad (MON) Surges 42% as Mainnet Launch Goes Live With $105M Airdrop appeared on BitcoinEthereumNews.com.
MON token rose 42% today, now trading at $0.03632 with a market cap of $392.39 million. Over 76k+ wallets claimed 3.33 billion MON tokens for free earlier this month. Monad is a fast-growing, scalable Layer-1 network with robust tokenomics, exchange listings, and EVM-compatible wallets. Monad’s long-anticipated mainnet launch has triggered its first major breakout. The MON token rose 42% in the past 24 hours, now trading at $0.03632 with a market cap of $392.39 million, placing it among the top 200 crypto tokens. The rally reflects a combination of mainnet excitement, fresh exchange listings, and tight early supply. Source: CoinGecko Airdrop Worth $105 Million Leaves Speculators Divided Monad’s long-awaited airdrop, valued at around $105.2 million, finally went live as the chain activated. Over 76,000 wallets claimed 3.33 billion MON earlier this month, but tokens only became usable after the mainnet opened this week. The airdrop represented 3% of MON’s total supply and 30% of circulating supply, granting free tokens to early community members, NFT holders, builders, and users of platforms like Hyperliquid and Pump.fun. Participants in Coinbase’s token sale, where MON was offered at $0.025, noted that the token’s early trading range did not deliver the explosive listing upside seen with other recent airdrops. Some recipients sold immediately. One user said they exited a 71,000 MON position at $0.031, citing weak opportunities in the ecosystem at this early stage. Even dedicated community contributors shared disappointment, noting that their allocations were smaller than expected. Yet others viewed the airdrop’s pricing as a sign of healthy market discovery. Industry voices praised Monad for achieving what many projects struggle with: launching an ICO and airdrop without leaving excessive upside on the table or causing a chaotic early price spike. Inside Monad’s Tokenomics The project has stated that MON’s tokenomics are not for short-term…
