The Cryptonomist
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Poor debut for the crypto Monad
Monad is a new cryptocurrency whose token MON debuted on the crypto markets only at the end of November.
Its mainnet was launched on November 24th, so it has been less than ten days since Monad has been traded on exchanges.
Although it is theoretically a promising project, its debut in the crypto markets was not successful, but there is a specific reason for this.
The Price of Monad (MON)
The cryptocurrency MON by Monad entered the crypto markets on November 24th at an initial price of approximately 0.033 dollars.
In the early hours following the listing, its price had dropped due to immediate sales by some holders who already had it in their portfolio, but the next day it recorded a peak value above 48 thousandths.
At that point, it seemed that the debut had been positive after all, but things turned out differently.
In fact, starting from last Thursday, November 27, 2025, the price began to decline.
Initially, it had only managed to climb slightly above the initial 33 thousandths over the course of about 24 hours, but in the following 24 hours, it had also dropped to 32 thousandths.
The real issue arose between Sunday and Monday, due to two consecutive drops that first brought it to 27 thousandths of a dollar, and then even below 23.
Although there was an attempt to rebound yesterday, it did not manage to recover the initial price of 33 thousandths of a dollar, as it only peaked above 32. At that point, between last night and today, the price fell back below 30 thousandths, and is now hovering around 28.
Disappointing Debut?
Given how the project was introduced, such a debut must be considered disappointing, for now.
However, it is still too early to make a definitive judgment.
The point is that the Monad airdrop has been one of the most talked-about events in the crypto world in 2025, as it concluded on November 24 with the launch of the mainnet after distributing approximately 3.3% of the total supply of MON.
The airdrop aimed to reward the community and contributors to promote decentralization, but it ended up triggering significant sell-offs.
In total, before the launch on crypto markets, 3.33 billion MON tokens were distributed to the community, and many of these may have already been sold in these initial days.
It should be noted that currently the circulating supply is 10.8 billion MON out of a total supply of 100 billion, so for quite some time such a tokenomic could work against the price trend.
In fact, in addition to the 3.3 billion MON distributed via the airdrop, another 7.5 billion have been allocated for the public sale on Coinbase. Furthermore, 27 billion will be distributed to the team over time, while another 19.7 billion will be distributed to investors, also over time.
Specifically, 50% of the tokens will remain locked until 2026, but will then be gradually unlocked until 2029.
The Problem
According to what has emerged from conversations on X, it is estimated that whales sold many tokens immediately after the launch, or in the following days, contributing to the -20% recorded by the price in the first seven days of presence on the crypto market.
In fact, although the majority of MON tokens have yet to be distributed, 10.8 billion tokens already distributed is certainly a significant amount.
As of today, Monad in the crypto markets has a market capitalization of just over 300 million dollars, which is more than RAY from Radium or 1INCH and EigenLayer.
However, it capitalizes less than half of the memecoins PENGU or BONK, and less than a third of PUMP.
Therefore, the market capitalization is actually low, precisely because the price is low, and this is most likely due to the lack of price increase caused by heavy selling.
Despite this, its market capitalization is not insignificant for a newly launched crypto, although many probably expected something more.
Monad
The important thing is that the Monad project somehow involves Coinbase as well.
The fact is that it doesn’t really matter what the MON token will do in the markets, but rather what technical achievements the decentralized platform Monad will accomplish.
This is a high-performance layer-1 blockchain, compatible with EVM (Ethereum Virtual Machine), specifically designed to overcome the scalability limitations of networks like Ethereum.
If the project achieves significant technical results and continues to be supported by Coinbase, it could attract many users. Although they might want to purchase MON to use on the platform, the tokenomics of this crypto suggests that the price might struggle to grow in the medium/long term.
However, this actually matters little, because what matters most is that the platform is used, and above all, that it succeeds in providing added value to the users.
Monad indeed aims for mass adoption, focusing on DeFi, gaming, and trading. With $244 million in funds raised from various investors, including Paradigm and Coinbase Ventures, it is highly likely that it will capture the attention of the crypto markets in the coming months or years.
Its mainnet was launched on November 24th, so it has been less than ten days since Monad has been traded on exchanges.
Although it is theoretically a promising project, its debut in the crypto markets was not successful, but there is a specific reason for this.
The Price of Monad (MON)
The cryptocurrency MON by Monad entered the crypto markets on November 24th at an initial price of approximately 0.033 dollars.
In the early hours following the listing, its price had dropped due to immediate sales by some holders who already had it in their portfolio, but the next day it recorded a peak value above 48 thousandths.
At that point, it seemed that the debut had been positive after all, but things turned out differently.
In fact, starting from last Thursday, November 27, 2025, the price began to decline.
Initially, it had only managed to climb slightly above the initial 33 thousandths over the course of about 24 hours, but in the following 24 hours, it had also dropped to 32 thousandths.
The real issue arose between Sunday and Monday, due to two consecutive drops that first brought it to 27 thousandths of a dollar, and then even below 23.
Although there was an attempt to rebound yesterday, it did not manage to recover the initial price of 33 thousandths of a dollar, as it only peaked above 32. At that point, between last night and today, the price fell back below 30 thousandths, and is now hovering around 28.
Disappointing Debut?
Given how the project was introduced, such a debut must be considered disappointing, for now.
However, it is still too early to make a definitive judgment.
The point is that the Monad airdrop has been one of the most talked-about events in the crypto world in 2025, as it concluded on November 24 with the launch of the mainnet after distributing approximately 3.3% of the total supply of MON.
The airdrop aimed to reward the community and contributors to promote decentralization, but it ended up triggering significant sell-offs.
In total, before the launch on crypto markets, 3.33 billion MON tokens were distributed to the community, and many of these may have already been sold in these initial days.
It should be noted that currently the circulating supply is 10.8 billion MON out of a total supply of 100 billion, so for quite some time such a tokenomic could work against the price trend.
In fact, in addition to the 3.3 billion MON distributed via the airdrop, another 7.5 billion have been allocated for the public sale on Coinbase. Furthermore, 27 billion will be distributed to the team over time, while another 19.7 billion will be distributed to investors, also over time.
Specifically, 50% of the tokens will remain locked until 2026, but will then be gradually unlocked until 2029.
The Problem
According to what has emerged from conversations on X, it is estimated that whales sold many tokens immediately after the launch, or in the following days, contributing to the -20% recorded by the price in the first seven days of presence on the crypto market.
In fact, although the majority of MON tokens have yet to be distributed, 10.8 billion tokens already distributed is certainly a significant amount.
As of today, Monad in the crypto markets has a market capitalization of just over 300 million dollars, which is more than RAY from Radium or 1INCH and EigenLayer.
However, it capitalizes less than half of the memecoins PENGU or BONK, and less than a third of PUMP.
Therefore, the market capitalization is actually low, precisely because the price is low, and this is most likely due to the lack of price increase caused by heavy selling.
Despite this, its market capitalization is not insignificant for a newly launched crypto, although many probably expected something more.
Monad
The important thing is that the Monad project somehow involves Coinbase as well.
The fact is that it doesn’t really matter what the MON token will do in the markets, but rather what technical achievements the decentralized platform Monad will accomplish.
This is a high-performance layer-1 blockchain, compatible with EVM (Ethereum Virtual Machine), specifically designed to overcome the scalability limitations of networks like Ethereum.
If the project achieves significant technical results and continues to be supported by Coinbase, it could attract many users. Although they might want to purchase MON to use on the platform, the tokenomics of this crypto suggests that the price might struggle to grow in the medium/long term.
However, this actually matters little, because what matters most is that the platform is used, and above all, that it succeeds in providing added value to the users.
Monad indeed aims for mass adoption, focusing on DeFi, gaming, and trading. With $244 million in funds raised from various investors, including Paradigm and Coinbase Ventures, it is highly likely that it will capture the attention of the crypto markets in the coming months or years.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.