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Hyperliquid Launches Pre-Market Trading for Monad at $0.189

Hyperliquid Launches Pre-Market Trading for Monad at $0.189

Hyperliquid introduces perpetual futures for the MON token, with Monad’s fully diluted valuation estimated at $13 billion, as the airdrop nears completion.

HYPE

Fact Check
Multiple sources confirm Hyperliquid launched pre-market trading for Monad. Specifically, evidence from Phemex News (Sources 7 and 12) directly states the token was 'temporarily priced at $0.189', matching the claim precisely. Another source (Monad Insiders) reports a very similar initial price of '$0.18', further corroborating the statement.
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Summary

Hyperliquid has launched perpetual futures for the MON-USD token, allowing pre-market trading of Monad’s native token. Priced around $0.13, Monad’s fully diluted valuation is estimated at $13 billion, with 100 billion MON tokens expected for distribution via an imminent airdrop. The listing follows strong trading volume, with $28 million recorded over the past 24 hours.

Terms & Concepts
  • Perpetual Futures: A type of derivative contract with no expiry date that allows traders to speculate on an asset’s price movements indefinitely.
  • Mainnet: The live, operational blockchain network where actual transactions occur, as opposed to a testnet used for development.