The post Monad’s $105 Million Airdrop Underwhelms Speculators as Token Debuts Near Sale Price appeared on BitcoinEthereumNews.com.

In brief A long-awaited airdrop of MON tokens was completed on Monday. Monad’s airdrop was valued around $105 million. The token’s price was close to that of a recently conducted public offering. Monad completed its long-awaited airdrop of MON tokens on Monday, giving recipients access to millions of dollars worth of cryptocurrency alongside its blockchain’s debut. Earlier this month, the much-hyped competitor to Ethereum and Solana saw around 76,000 wallets claim MON for free, but people couldn’t touch their holdings immediately because the network hadn’t yet launched. At the time, Monad said 3.33 billion MON tokens were claimed by the network’s users, builders, and members of Monad’s community, among others. That group included owners of several NFT projects, as well as traders on platforms like Hyperliquid and Pump.fun.  With MON recently changing hands around $0.0316, the airdrop was collectively valued around $105.2 million, according to crypto data provider CoinGecko. The airdrop’s size represents around 3% of MON’s total supply and 30% of the asset’s circulating supply. Within Monad’s official discord server, some onlookers expressed shock that MON was changing hands around the same price as previous token sales, including an offering conducted on a platform that Coinbase recently introduced for nascent tokens. Around 85,800 people participated in the offering, which saw $269 million in commitments, Monad said on X last week. The tokens, totaling 7.5 billion MON, were offered at $0.025 per token and sold for a total of $187 million. They were also distributed to buyers on Monday. An individual who goes by Barnabas on X expressed some disappointment toward their allotment of MON, saying they “expected a bit more” after consistently contributing to the project’s community by creating Monad-themed comics for six-plus months. “It might not be a huge amount, but it’s honest work,” they said, while…

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Filed under: News - @ November 25, 2025 2:23 am