Monad’s MON Token Opens Weakly After Prolonged Public Sale

The MON token of Monad, a highly anticipated EVM-compatible Layer-1 blockchain, began trading on November 24, 2025, with lackluster performance. Shortly after listing, MON traded around $0.02417, below its public sale price of $0.025, while 24-hour volume hovered near $50 million — a relatively modest figure for a new Layer-1 token launch.

Key Observations

• The public sale, which offered 7.5% of total supply at a fixed $0.025, took several days longer than recent comparable launches (such as Plasma) to reach its $187.5 million target, signaling softer-than-expected demand.
• Early trading reflected limited enthusiasm, with the token quickly dipping under the sale price and struggling to generate sustained buying interest.
• Distribution concerns contributed to the muted reception. The Monad team retained a 27% allocation (with a one-year cliff and multi-year vesting), a figure that some market participants viewed as high compared with newer community-focused launches.

Despite the project’s strong technical reputation — 10,000 TPS claims, parallel execution, and backing from Paradigm and other top-tier funds — the combination of a drawn-out sale, below-sale-price debut, and allocation criticism weighed on initial sentiment.

Monad’s mainnet is scheduled to go live imminently, and supporters argue that on-chain performance and ecosystem growth will ultimately determine long-term value. For now, however, MON has stumbled out of the gate, opening well below the expectations set by its $3 billion pre-launch valuation and the rapid sell-outs of recent competing Layer-1 tokens.