Monad’s token sale raised $43 million in minutes but slowed to 64% completion, with unsold tokens planned for an ecosystem fund if sales stay incomplete.
Monad’s token sale on Coinbase launched November 17, securing approximately $43 million in the first 23 minutes. By November 19, sales momentum had slowed, reaching about 64% of the $187.5 million target. If the sale remains incomplete by November 22, remaining tokens will be allocated to an ecosystem fund. The rapid early uptake contrasts with subsequent slower demand, raising concerns over undersubscription.