MON (Monad) fell 13.34% in 24 hours, with a market cap of approximately $294 million.

According to Gate News Bot on December 5, citing CoinMarketCap data, as of press time, MON (Monad) is currently priced at $0.03, down 13.34% in 24 hours, reaching a high of $0.04 and a low of $0.02. The current market cap is approximately $294 million, down about $45.26 million from yesterday.

Monad is a next-generation Ethereum-compatible chain designed to deliver high performance and scalability. The network can process 10,000 transactions per second, offers sub-second finality, low fees, and scalable decentralization. Monad is fully compatible with EVM, allowing developers to seamlessly migrate existing Solidity contracts and tools.

Recent important news about MON:

1️⃣ Market sentiment turns negative, price remains under pressure MON price continues its downward trend, falling 13.34% in 24 hours. Some whales’ ongoing buying strategies have resulted in floating losses exceeding $250,000, reflecting weak short-term market sentiment. Meanwhile, industry figures such as Arthur Hayes remain pessimistic about MON’s prospects, believing it could face a 99% decline risk, further intensifying bearish sentiment.

2️⃣ Divergence in ecosystem development and trading activity Despite the price drop, the Monad ecosystem remains somewhat active. MON trading volume on the Solana chain continues to rise, and some liquidity pools have seen a significant increase in annualized yields. However, most on-chain meme coin market caps have fluctuated sharply, reflecting uneven development within the ecosystem.

3️⃣ Wider divergence in investor strategies, frequent large trades There is a clear divergence in investment strategies in the market. The founder of Wintermute stated he is going long on MON, while some well-known traders have chosen to open short positions. At the same time, multiple large trades and liquidation events have occurred frequently, such as a trader’s $6.5 million long position being fully liquidated, indicating intensified market volatility.

From a technical perspective, MON’s price has broken through several key support levels and may face further downward pressure in the short term. However, considering Monad’s technological innovation and ongoing ecosystem expansion, its long-term development prospects still warrant further observation. Investors should closely monitor the project team’s next moves, token unlock schedules, and actual ecosystem usage.

This message is not investment advice. Please be aware of market volatility risks when investing.