Monad’s MON Token Stumbles Out of the Gate in Trading Debut After Slow Token Sale

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Monad’s MON Token Stumbles Out of the Gate in Trading Debut After Slow Token Sale Soft demand, low volume and concerns over token distribution weighed on early market sentiment. By Oliver Knight | Edited by Sheldon Reback Nov 24, 2025, 3:31 p.m. Monad stumbles out the gate (Dallas Reedy/Unsplash) What to know : MON traded around $0.02417 shortly after its debut with roughly $50 million in volume, modest for a new layer-1 token and below its $0.025 token-sale price. Unlike recent fast-selling launches such as Plasma, MON’s public sale took significantly longer to clear, hinting at weaker investor appetite. The Monad team’s 27% allocation raised eyebrows, with critics arguing the distribution could dampen confidence in the new layer-1 network. The MON token for the newly introduced Monad blockchain made its trading debut on Monday, but early market activity suggests a lukewarm reception for one of the year’s most anticipated layer-1 blockchains . MON changed hands around $0.02417 in the first hours of trading, according to data from Coinbase . With 10.83 billion tokens in circulation, MON opened with a market capitalization of roughly $262 million. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Trading activity was subdued. In the first 100 minutes, MON saw only $50 million in trading volume, less than is typical for a layer-1 token debut and a sign that demand may be softer than expected. The cool start follows an underwhelming public token sale on Coinbase’s Token Platform. Of the circulating supply, 7.5% was allocated to the sale at $0.025 per token, higher than where MON is currently trading. Many recent token launches have been snapped up almost instantly, most notably Plasma, which sold out within the first block. In contrast, MON’s sale took significantly longer to clear. That might be a signal of a lack of demand that appears to be a consistent theme with the trading debut. MON’s tokenomics have sparked debate among the community. The Monad team controls 27% of the total supply, while 19.7% goes to investors, 4% to the Labs Treasury, and 38.5% toward ecosystem development. Some observers have argued that the team’s allocation is unusually large for a new layer-1 network and could weigh on market sentiment. Monad layer 1 Airdrops More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You BitMine Immersion Added Nearly 70K Ether Last Week, Now Holding 3% of ETH Supply By Krisztian Sandor , AI Boost | Edited by Stephen Alpher 55 minutes ago Tom Lee's company increased its crypto holdings last week despite sitting on around $4 billion in unrealized losses on its ETH bet. What to know : BitMine Immersion Technology (BMNR) purchased 69,822 ETH last week, bringing its holdings to 3.63 million tokens, now owning 3% of the supply. The firm's cash holdings rose to $800 million, contributing to a total of $11.2 billion in combined assets. Digital asset treasuries are facing pressure as their stock prices plunge below the value of the underlying assets. Read full story Latest Crypto News What Next for DOGE Price as Grayscale's GDOG ETF Debuts? 10 minutes ago Bitcoin’s $1T Rout Exposes Fragile Market Structure, Deutsche Bank Says 33 minutes ago XRP Slides to $2.08 as Grayscale’s GXRP ETF Debut Fails to Ignite Market 38 minutes ago BitMine Immersion Added Nearly 70K Ether Last Week, Now Holding 3% of ETH Supply 55 minutes ago CoinDesk 20 Performance Update: Hedera (HBAR) Gains 11.3%, Leading the Index Higher 1 hour ago Monad Blockchain Goes Live With 100B Token Supply and Airdrop 1 hour ago Top Stories BitMine Immersion Added Nearly 70K Ether Last Week, Now Holding 3% of ETH Supply 55 minutes ago Monad Blockchain Goes Live With 100B Token Supply and Airdrop 1 hour ago Bitcoin ETFs, Led by BlackRock's IBIT, See Record $40B Trading Volume as Institutions Capitulate 10 hours ago Upbit Seeking Nasdaq IPO Following Merger With Naver: Bloomberg 2 hours ago Where Next?: Crypto Daybook Americas 3 hours ago DOGE Beats the Blue Chips as D.O.G.E Calls It Quits 10 hours ago