Monad's MON Shows Strength Despite Market Downturn, Experts Caution About Potential Threats
- Monad's MON token surged over 80% to $0.046, defying weak crypto markets driven by strong on-chain activity and stable holders. - $269M Coinbase sale and 4.73B airdrop anchored initial liquidity, with 7.5% supply unlocked at $0.025 setting $25B FDV. - Analysts warn 50%+ locked supply until 2029 risks medium-term selling pressure, while price forecasts range from $0.02 to $0.25 by 2027. - EVM compatibility and 2029 token locks differentiate Monad, but adoption and developer activity remain unproven despit
Monad's MON token has climbed above $0.046, representing an increase of over 80% from its previous price of $0.025, even as the wider crypto market struggles. This surge, fueled by strong on-chain engagement and a consistent base of holders, has led to both enthusiasm and caution among market observers, who point to underlying structural dynamics and potential risks ahead.
The token's rapid ascent came after its mainnet went live on November 24, with initial figures showing 3.7 million transactions, 153,000 unique active wallets, and a total value locked (TVL) of $90 million.
Meanwhile, the overall crypto market continues to face headwinds.
Despite these obstacles, Monad's EVM-compatible architecture and fair token allocation make it a notable player among Layer-1 blockchains. The project's commitment to decentralization — with team and investor tokens locked until 2029 — further sets it apart. However, the token's long-term prospects will largely depend on developer engagement and user growth, which have yet to be proven at scale.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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