Monad's MON Token Struggles on Its First Day

Monad's First Trading Debut

Monad platform's new MON Token started trading at around $0.02417 after its launch. This performance is quite modest for a new layer-1 token, with an approximate $50 million trading volume. MON is below the $0.025 price at which the token sale was conducted.

Slow Token Sale and Investor Interest

The public sale process for MON Token did not occur at the same pace as recent rapid promotions. For example, unlike the quick sales seen in projects like Plasma, the completion of MON's sale took noticeably longer. This situation may indicate a weaker investor interest in the markets.

Discussions on Distribution Policy

The decision by the Monad team to allocate %27 of the tokens to their own budget is being questioned by some critics. This distribution is widely believed to potentially negatively impact trust in the new layer-1 network.