Monad Raises $269 Million as Mainnet Launches Monday, With MON Poised for Exchange Debuts
Concentrated token holdings have prompted warnings of sharp post-listing volatility.
Overview
- Monad closed a Coinbase-run token sale with $269 million committed by 85,820 participants, reported as 1.43x oversubscribed.
- Developers said mainnet goes live Monday, positioning the EVM-compatible layer‑1 to begin network operations with over 200 validators.
- MON is expected to begin trading on major venues including Coinbase and Bybit, according to reporting from the coverage.
- Reports indicate insiders and the team control over 50% of supply, while the public sale represented less than 8% of tokens.
- Market commentary in the coverage notes that many newly listed tokens have historically fallen sharply, and listing would let ICO buyers and early investors sell or new buyers enter.