Monad Mainnet Debuts with Majority of MON Token Supply Locked

The MON token for the new Monad blockchain debuted trading at around $0.02417, below its $0.025 token-sale price, with $50 million in early volume. Monad’s public sale on Coinbase’s Token Platform took significantly longer to clear compared to fast-selling launches like Plasma. Of the 100 billion MON tokens, 10.8% are in circulation at launch—7.5% from the sale and 3.3% from an airdrop—with the remainder allocated as 27% to the team, 19.7% to investors, 4% to the Labs Treasury, and 38.5% to ecosystem development. Critics have highlighted the team’s large share as a potential confidence issue. The mainnet launch positions Monad as an EVM-compatible layer-1 network for DeFi, payments, stablecoins, and institutional high-frequency finance, while coinciding with Wormhole Labs’ Sunrise platform opening token gateways to Solana.