MONAD Price Jumps 40% On The Back Of 2 Million Daily Transactions
BeInCrypto
MONAD's price surged 40% following its mainnet launch, driven by a massive increase in daily transactions and holder count.Summary
The Layer 1 network Monad has seen significant market attention and a 40% price jump for its token, MONAD, after launching its mainnet and accompanying airdrop. This surge is supported by substantial network activity, including over 2 million daily transactions on average, indicating genuine user engagement. Furthermore, the number of MONAD holders increased by 283% in 24 hours, rising from 2,400 to 9,200. Currently trading at $0.042, MONAD is expected to continue rising toward $0.046 and potentially $0.050 if momentum holds. However, a drop below the $0.040 support level could signal a price correction toward $0.035.
(Source：BeInCrypto)