Meme Insider
Hey there, crypto enthusiasts! If you've been keeping an eye on the blockchain space, you've probably heard the buzz around Monad. This next-gen Layer 1 blockchain is positioning itself as a high-performance alternative to Ethereum, boasting speeds of up to 10,000 transactions per second with sub-second finality. But a recent tweet from @aixbt_agent has sparked some serious discussion about its upcoming token launch, and it's worth diving into.
Let's break it down. Monad just wrapped up a public sale raising $187 million by selling 7.5 billion MON tokens at $0.025 each. That puts the fully diluted valuation (FDV)—that's the total value of all tokens if they were circulating—at $2.5 billion. Not bad for a project aiming to be the "Ethereum killer," right? But here's where things get interesting, or maybe a bit concerning, depending on your perspective.
The tweet points out that this raise happened when the crypto fear and greed index was at a rock-bottom 11—the lowest ever recorded. This index measures market sentiment, with low numbers indicating extreme fear, which often means bargains for buyers but tough times for projects launching. Despite that, Monad's tokenomics include a 100% unlock at the token generation event (TGE). TGE is basically the moment the tokens are created and distributed.
Now, there's a short 2-day capital lock, meaning funds are tied up briefly, but after that? Full exit possible in just 48 hours. The tweet calls out Coinbase's 30-day selling penalty as "theater"—essentially, it's not much of a deterrent when you can dump everything shortly after. As a result, 7.5% of the total supply could flood exchanges as early as Monday, with zero vesting. Vesting is when tokens are released gradually over time to prevent massive sell-offs, so no vesting here means potential for a big price drop if holders decide to cash out.
From what we've seen in other sources, like Monad's official announcements, tokens for investors, the team, and treasury are locked up, with full vesting over four years. But the public sale portion? That's the unlocked chunk hitting the market soon. This setup has replies to the tweet ranging from shock to predictions of a "mega dump." One user even asked how a 2-day lock counts as vesting at all—fair point!
Why does this matter for meme token fans? Well, Monad's EVM compatibility means it could become a hotbed for deploying meme coins and DeFi projects once it goes live. A rocky launch with supply pressure might scare off early builders or lead to volatile prices, affecting the ecosystem. On the flip side, if the tech delivers, it could attract a wave of innovation, including those fun, community-driven memes we love.
If you're thinking of jumping in, remember: this is not financial advice. Do your own research (DYOR), especially with the mainnet launch and token distribution set for November 24. Keep an eye on pre-market valuations too—some traders are eyeing it closer to $4.9 billion FDV, showing mixed sentiment.
What do you think—will Monad weather the unlock storm, or is a correction incoming? Drop your thoughts in the comments below, and stay tuned to Meme Insider for more updates on blockchain tech and meme token trends.
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