Meme Insider
In the fast-paced world of crypto, opportunities can slip away due to regional restrictions, but sometimes the market finds a way to level the playing field. That's exactly what happened with Monad's MON token sale, as highlighted in a recent tweet from DeFi analyst Ignas (@DefiIgnas).
Ignas shared his initial frustration: "NGL, I was salty about Monad due to Coinbase sale - it excluded Europooors and other countries: Yet everyone who wanted in, got in at the ICO price. Even better, buying on HL you get potential UNIT airdrop points."
For those new to the scene, Monad is an upcoming high-performance layer-1 blockchain designed to rival networks like Solana with its focus on speed and scalability. Their native token, MON, recently wrapped up a public sale on Coinbase's token launch platform, raising an impressive $269 million in USDC from participants across over 80 countries. The sale price was set at $0.025 per MON, with the mainnet launch slated for November 24, 2025.
However, not everyone could join the party. Due to regulatory hurdles, users from certain regions—including much of Europe, mainland China, and others—were locked out of the Coinbase offering. This left many potential investors feeling sidelined, especially with Monad's hype building around its potential to disrupt the DeFi space.
Enter Hyperliquid (HL), a decentralized perpetual futures and spot trading platform known for its low-latency execution. As Ignas pointed out, MON quickly became available for trading on Hyperliquid at prices hovering around the ICO level. This meant that even those excluded from Coinbase could jump in without missing out on the entry point.
The chart above, shared in Ignas's tweet, shows MON/USDC trading on Hyperliquid with a price around $0.044—up about 34% in 24 hours at the time—with a market cap of over $462 million and solid volume. It's a clear sign of early momentum.
But the real sweetener? Buying MON on Hyperliquid could qualify traders for points toward the upcoming UNIT airdrop. UNIT is Hyperliquid's own token, and their points system rewards active users, potentially leading to free tokens down the line. This turns a simple buy into a dual-opportunity play: exposure to Monad's growth plus a shot at Hyperliquid's rewards.
Why This Matters for Crypto Traders
In crypto, geography shouldn't dictate access, but regulations often do. Stories like this remind us of the decentralized ethos—platforms like Hyperliquid step in to bridge gaps created by centralized gateways like Coinbase. If you're eyeing layer-1 projects, Monad's parallel execution and high throughput (aiming for 10,000 TPS) make it one to watch. Check out their official site for more details: monad.xyz.
For DeFi degens, this is a lesson in diversification. Missing a sale? Look to secondary markets or DEXs for entries, and always hunt for those extra incentives like airdrop farming.
Potential Risks and Considerations
Of course, trading on platforms like Hyperliquid comes with its own set of risks. As a newer exchange, it might have liquidity fluctuations, and airdrop points aren't guaranteed rewards. Always DYOR (do your own research) and consider volatility—MON's price could swing wildly post-mainnet.
If you're inspired to explore, head over to Hyperliquid to see the action yourself. And for more insights on emerging tokens and DeFi trends, stick around at Meme Insider—we're all about decoding the chaos in blockchain.
What do you think? Did you grab MON on Hyperliquid, or are you waiting for mainnet? Share your takes in the comments below.
