Monad, an Ethereum rival, offered early investors up to $60 million to cash out. Almost all said no
Investors were allocated about 19. 7 billion MON, nearly 20% of the original supply. Those tokens were locked when Monad’s public network launched last November and begin unlocking after a one-year wait,. . .
Investors were allocated about 19. 7 billion MON, nearly 20% of the original supply. Those tokens were locked when Monad’s public network launched last November and begin unlocking after a one-year wait, followed by monthly releases over the remainder of a four-year schedule. That makes November the first point at which early investors begin receiving tokens they can sell normally. MON traded around $0. 021 on Tuesday, about 16% below the $0. 025 price of last year’s public sale. Roughly 11. 8 billion MON are currently circulating, giving the token a market value near $250 million against a fully diluted value of about $2. 1 billion. As such, the token price has struggled while activity on the network has grown. The amount of money deposited in Monad-based decentralized finance apps has climbed to about $895 million from roughly $360 million on July 2, according to DeFiLlama, an increase of almost 150% in about six weeks. Stablecoins on Monad are worth about $707 million, while decentralized exchanges on the network handled roughly $79 million of trading over the past day. That growth does not explain why investors rejected the Foundation’s offer. And without knowing how steep a discount they were asked to take, the lack of sellers cannot be read simply as a bullish call on MON. Source:https://www. coindesk. com/markets/2026/08/18/monad-an-ethereum-rival-offered-early-investors-up-to-usd60-million-to-cash-out-almost-all-said-noPost navigation