Monad Airdrop Leaves Early Supporters Disappointed as Token Trades Near Sale Price

Monad recently distributed its native token to early users, but the airdrop failed to generate significant market excitement. While the distribution of nearly 3.3 billion MON tokens to 76,000 wallets was valued at $105 million, the cryptocurrency launched near its recent public sale price, leading to disappointment among some community members who had contributed for months. 85,800 participants purchased MON tokens at $0.025 each, raising $269 million. The token’s current trading value hovers around $0.0316, leading some early supporters to sell their allocation, including a prominent influencer who voiced disappointment over their allocation of 32,000 tokens, now worth approximately $950 in USDC. These initial market reactions highlight the challenge for blockchain projects seeking to reward early adopters without creating unsustainable price volatility. Despite a tepid initial reception, Monad’s public sale and airdrop raised $431 million, demonstrating robust fundraising efforts that will fuel the project’s development.