Monad Launches with MON Listed on Coinbase and Other Exchanges

Monad officially launched on November 24, becoming available for trading on multiple exchanges like Coinbase, Bybit, Upbit, and Bithumb. This event marked one of the most significant Layer-1 launches of 2025, fueled by a successful public sale that raised $269 million from over 85,000 investors.

Key Takeaways

Monad debuted on November 24, with immediate listings on several exchanges.
Only 10.83 billion MON tokens entered circulation at launch, representing 10.8% of the total supply of 100 billion, causing pronounced price swings.
The token started trading around the public sale price of $0.025 but temporarily dipped to around $0.024 due to market volatility.
The public sale was highly oversubscribed, attracting interest at 144% above the available supply, resulting in an influx of over $188 million into the ecosystem.

Monad Launches with MON Listed on Coinbase and Other Exchanges

Public Sale Achieves 144% Oversubscription

The Monad public sale, held from November 17 to 22 on Coinbase, experienced overwhelming demand, with subscriptions exceeding supply by 144%. This intense interest resulted in over $188 million raised for the ecosystem. Each MON token was sold at $0.025, with an initial 10.83 billion tokens (10.8% of the total supply) entering circulation. The low available supply contributed to significant price fluctuations as early investors and new buyers interacted within the marketplaces.

First Hour Price Volatility

During the initial trading hour, MON price data indicated a brief surge above $0.03 before a wave of selling pressure led to a steep decline towards $0.023. This was followed by a partial recovery as trading volume increased.

Source: CoinMarketCap

By late afternoon, the price of MON settled between $0.024 and $0.025, stabilizing just under its public sale price. Increasing trading volumes suggest that price discovery is ongoing, especially on prominent exchanges like Upbit and Bithumb in South Korea.

Launching MON Staking

The staking functionality for Monad kicked off simultaneously with the mainnet launch. This allows MON holders to secure the network and earn rewards through the platform’s high-performance Proof-of-Stake system. Initially, users can expect an Annual Percentage Rate (APR) of approximately 15–16%, with the option to stake directly with validators or delegate for earnings.

Uncertainties Ahead

With its mainnet launch, Monad positions itself as a strong competitor in the Layer 1 space, emphasizing features like low-latency state transitions and Ethereum-compatible development. However, questions linger regarding its large fully diluted valuation, given the full supply of 100 billion tokens, and early apprehensions about potential insider holdings, creating short-term uncertainty regarding price stability.