Monad Cryptocurrency Gains 40% Amid Mainnet Launch and Airdrop

Monad, a layer-1 blockchain network, has successfully launched its native cryptocurrency, MON, seeing a 40% price increase on the second day of trading.

The mainnet launch occurred on November 24, accompanied by a $105 million airdrop.
MON's price is currently approaching the $0.050 mark.

Network Participation and Activity Surge

Monad holders increased by 283%, from 2,400 to 9,200 in 24 hours, according to HolderScan.
The network averaged over 2 million daily transactions, totaling 4.2 million within 48 hours post-launch (source: Nansen).
This indicates strong organic demand and effective scaling, raising adoption expectations.

Monad boasts full Ethereum Virtual Machine (EVM) compatibility with high throughput and low latency.

MON Price Movement

Initially priced below $0.025 at launch, MON surged 50% shortly after, doubling in value within 48 hours.
Arthur Hayes, BitMEX co-founder, described it as "another low-float, high-FDV layer-1" but participated in early trading.
Speculative momentum might push MON towards a $10 valuation, according to Hayes.