Monad’s token sale, seeking to raise $187 million, has witnessed a notable slowdown in investor interest. After an initial surge, demand has waned as buyers hesitate amidst evolving market dynamics. Concerns about undersubscription and the potential impact of Coinbase’s allocation strategy are further adding to the uncertainty. 48% of the available tokens were secured during the opening phase on Monday, with subsequent participation declining. This decrease in commitments raises concerns regarding whether the sale will meet its full subscription target. Market discussions highlight various factors contributing to this trend, including Coinbase’s exclusion of European users and a lack of clarity around Monad’s tokenomics. Co-founder Keone Hon maintains a transparent approach, emphasizing the team’s choice of Coinbase for its democratic allocation model and broad audience reach. He highlights that this strategy aims to engage wider user groups, moving beyond the traditional crypto circle. Despite initial optimism, participation in the sale has not matched recent comparisons with similar offerings on platforms like MegaETH, which secured far more than $1.39 billion. This slowdown underscores a cautious market environment, leading Monad to consider redirecting unsold tokens towards ecosystem development if necessary. To ensure fair bidding and avoid artificial demand, Hon emphasizes an algorithm-based allocation strategy that prioritizes long-term participation over short-term hype. The extended decision window offers flexibility for buyers and promotes wider engagement beyond the usual crypto bubble.