The MON token experienced a significant 42% price surge, reaching $0.03632, after the successful launch of the Monad mainnet. This increase was fueled by the mainnet debut, new exchange listings, and a substantial $105.2 million airdrop, which distributed 3.33 billion MON tokens to 76,000 wallets. The airdrop, accounting for 3% of the total token supply, spurred demand but also triggered early selling activity.
Monad's tokenomics are designed to support long-term growth, with 38.5% of the total supply allocated for ecosystem expansion and an initial circulating supply of 10.8%. Additionally, the project introduced the 'Monad Momentum' initiative, dedicating over 30% of the supply to developers and liquidity providers, further enhancing its market presence.
MON Token Jumps 42% Following Monad Mainnet Launch and Airdrop
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