Monad goes live as MON lists on Coinbase, and other exchanges

Key Takeaways

When did Monad’s mainnet launch?

Monad launched on 24 November with immediate listings on some exchanges.

What’s MON’s circulating supply at launch?

Just 10.83 billion MON tokens entered circulation at launch. This is only 10.8% of the 100 billion total supply, contributing to sharp intraday price swings.

Monad’s mainnet launched on 24 November with immediate listings on Coinbase, Bybit, Upbit, and Bithumb, marking one of the largest Layer-1 debuts of 2025. 

The launch follows a massive public sale that raised $269 million from 85,820 buyers.

The token began trading around the public sale price of $0.025, but early volatility pushed it toward the $0.024 region as opening-session liquidity deepened.

Monad public sale drew 144% oversubscription

Coinbase hosted the Monad public sale between 17-22 November, attracting demand that exceeded supply by 144%. 

The oversubscription reflected intense investor interest and brought more than $188 million in fresh capital into the ecosystem.

Each token sold for $0.025, with an initial 10.83 billion MON unlocking at launch—just 10.8% of the 100 billion total supply. 

The low circulating float relative to full supply contributed to sharp intraday swings as early participants and new buyers interacted with exchange liquidity.

Price discovery shows volatility in first trading hour

Price data from the first hour showed MON briefly spiking above $0.03 before sellers stepped in. 

A rapid drop carried the token toward $0.023, followed by a partial recovery as volume climbed into the close.

Source: CoinMarketCap

By late afternoon, MON traded around $0.024-$0.025, stabilizing just under its public sale valuation. Rising volume suggests ongoing price discovery as different markets, particularly Korea’s Upbit and Bithumb, add liquidity.

MON staking goes live

Monad staking officially launched today alongside the mainnet. This enables MON holders to secure the network and earn rewards through its high-performance Proof-of-Stake system. 

With an initial APR of around 15–16%, users can stake directly with validators or delegate for yields.

Question marks remain

The mainnet launch positions Monad as a high-performance Layer 1 contender, focusing on parallel execution, low-latency state transitions, and Ethereum-compatible development.

However, the large fully diluted valuation implied by its 100 billion supply, paired with early concerns about insider concentration, creates near-term uncertainty around price sustainability.