Monad Token Defies Market Rout With Sharp Post-Launch Rally

The Monad (MON) token experienced a sharp rally, increasing more than 35% within 24 hours of its launch on November 24th, trading near $0.035 after starting around $0.025. This performance is notable as it defies both a general market sell-off, where Bitcoin dropped below $90,000, and the trend where nearly 90% of airdropped tokens decline shortly after release due to low liquidity and high FDVs. Despite over 10.8 billion tokens entering circulation from airdrop claims (3.33 billion) and a public token sale, MON maintained strong demand. Analysts attribute this resilience to pent-up interest in Monad's high-performance Layer 1 design and a launch structure that prioritized early users and public sale participants over speculative farmers, ensuring deeper liquidity through listings on major exchanges like Coinbase and Kraken.

(Source：BeInCrypto)