
Jakarta, Pintu News – This week, the market’s attention will be on the price of Monad as it launches its mainnet after a highly successful Initial Coin Offering (ICO) on Coinbase, America’s leading exchange.
Monad, a layer-1 network compatible with the Ethereum Virtual Machine (EVM), raised $269 million in one of the largest ICOs of the year. More than 85,000 participants bought MON tokens, indicating strong momentum. Most importantly, this ICO exceeded 1.43 times the initial target.
Monad’s mainnet launch is scheduled for this coming Monday, a move highly anticipated by investors and developers alike. With over 200 validators and superior speed compared to other networks, Monad promises significant improvements in the blockchain ecosystem.
In addition, its compatibility with EVM enables seamless integration with existing applications, opening up more opportunities for widespread adoption.
The successful launch is not only important for Monad but also for the investors who have supported the project since its inception. With support from top developers such as LayerZero, Pyth Network, and Chainlink, Monad is expected to bring new innovations to the already highly competitive crypto industry.
Despite the high enthusiasm, there are concerns that MON’s price may see a decline after the launch. This is often the case in the crypto market, where ICO investors tend to sell their tokens after launch to realize quick profits. This phenomenon has been observed in many new tokens in the past, such as Pi Network and LayerZero, whose token prices dropped after launch.
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In addition, large investors such as Paradigm, Dragonfly, Electric Capital, and Castle Island may also choose to sell some of their investments after the airdrop. This may lead to over-supply in the market, which in turn depresses the token price. History has shown that newly launched tokens often experience double-digit price drops.
The layer-1 and layer-2 industry is currently highly saturated, with networks such as Ethereum , Solana , and Binance Coin dominating the market share. With more networks from companies like Robinhood and Circle expected to launch, the competition will become even more intense. Monad will have to demonstrate a clear advantage to be able to compete in this already crowded market.
Monad’s tokenomics could also be a factor affecting its post-launch price. With more than 50% of the tokens held by insiders and the team, while public sales are only less than 8%, this uneven token distribution might affect the market’s perception of MON’s long-term value.
With all these factors, the future of MON prices remains uncertain. Investors and market watchers will be closely watching how these dynamics play out post Monad mainnet launch. Whether Monad will be a true disruptor in the crypto industry or will follow the price drop pattern like many projects before it, only time will tell.
Monad is an Ethereum Virtual Machine (EVM) compatible layer-1 network that recently raised $269 million in a highly successful ICO.
The Monad mainnet is scheduled to launch this coming Monday.
MON prices may drop because ICO investors often sell their tokens to realize quick profits, and large investors may do the same.
Some of the major investors behind Monad include Paradigm, Dragonfly, Electric Capital, and Castle Island.
The industry is saturated with big players such as Ethereum (ETH) and Solana (SOL) making competition fierce, which could affect Monad’s success in the market.
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