Monad Airdrop Scheduled for Oct. 14, Allocation Details Pending

Monad, a Layer-1 blockchain, announced that its token airdrop will occur next week. The claims portal for the airdrop opens on October 14. Details on token allocation are still pending.

• Monad is known for its high-performance and EVM compatibility.
• The forthcoming airdrop is part of launching Monad's native token.
• Traders can now engage with MON-USD perpetuals on Hyperliquid ahead of the distribution.
• The trading price of MON-USD is around $0.12, suggesting an FDV near $12 billion.
• A total of 100 billion MON tokens are expected to be distributed in the airdrop.

The community awaits further updates on the token distribution specifics.