Overview
- MON rallied as much as roughly 78% from its $0.025 public sale price, trading around $0.042–$0.048 with a market cap near $500 million and daily volume above $1.2 billion.
- More than 76,000 wallets claimed about 3.33 billion MON in an airdrop worth roughly $105 million, following a Coinbase-hosted sale that distributed 7.5% of supply.
- Nansen and other trackers reported millions of transactions, over 140,000–237,000 active addresses, thousands of deployed contracts, and DeFi TVL climbing to about $150 million.
- CTO James Hunsaker warned that malicious contracts were emitting fake ERC-20 transfer events that appear real on explorers; the team said this was not a chain exploit and no funds were reported lost.
- Trading was heavy across major venues, including reported volumes of about $400 million on Upbit, $233 million on Coinbase, and $160 million on Bybit, as analysts cautioned that sustaining usage and managing future unlocks will be key.