Monad’s Controversial Airdrop: A Tale of Hype, Discord, and Market Disillusionment

Monad’s airdrop, designed to recognize community loyalty and boost its ecosystem, sparked a whirlwind of debate. The team allocated 30% of the total 100 billion MON tokens for airdrop claims, aiming to distribute them fairly among 5,500 active users and around 225,000 participants from the wider crypto ecosystem. However, this distribution led to significant backlash, raising concerns about fairness and transparency. Initial excitement quickly soured as market uncertainty fueled heavy selling pressure after tokens became claimable, leading to a dramatic price drop.