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Monad Mainnet Goes Live as MON Rebounds From Soft Debut

Concentrated ownership and a limited float are under scrutiny during volatile price discovery.

Overview

  • MON began trading after the Nov. 24 mainnet launch, initially slipping below the $0.025 sale price before rebounding, with intraday highs reported near $0.045.
  • Trading activity accelerated quickly, with reported 24‑hour volumes ranging from roughly $450 million to about $1.2 billion across major venues.
  • About 10.8% of the 100 billion supply unlocked at launch, split between a 7.5% Coinbase sale allocation and roughly 3.3% distributed via airdrop (~3.33 billion claimed).
  • Listings rolled out on multiple exchanges including Coinbase, Bybit, Upbit, Bithumb, Kraken, KuCoin and others, broadening access for buyers and sellers.
  • Staking launched alongside mainnet with initial yields reported around 15%–16%, as observers continue to flag token concentration (27% team, 19.7% investors, 38.5% ecosystem, 4% treasury).