Monad's native token, MON, experienced a significant surge of over 35% within 24 hours of its launch, trading around $0.035 on Monday. This performance is a major outlier, contrasting sharply with both the generally struggling airdrop market and the deep November sell-off across the broader digital asset sector.
Key Factors Driving MON's Resilience:
- Defying Airdrop Trends: Most recently airdropped tokens decline quickly (with nearly 90% falling within days) due to selling pressure. MON defied this, climbing despite 10.8 billion tokens entering circulation from the mainnet launch, which included both airdrop claims and a public sale.
- The airdrop alone saw 3.33 billion MON claimed by roughly 76,000 wallets.
- Strong Liquidity: The token was listed across most major exchanges at launch, including Coinbase, Kraken, Bybit, KuCoin, and Upbit, which helped absorb initial selling pressure and supported sustained demand.
- High Interest in L1 Design: Analysts attribute the strength to significant pent-up interest in Monad's high-performance Layer-1 (L1) blockchain design.
- Favorable Launch Structure: The launch structure avoided the steep inflation and heavy speculative selling seen in other 2025 airdrops by focusing the initial circulating supply on early users and public sale participants, rather than speculative farmers.
Market Context:
MON's rally stands out amid an extremely bearish market:
- Bitcoin Downturn: BTC recently fell below $90,000, driven by long-term holders selling over 815,000 BTC in 30 days.
- Market Contraction: The total crypto market value has dropped by over $1 trillion since October, with sentiment sitting in "extreme fear" territory.
MON's ability to post immediate gains makes it one of the rare successful airdrops of the year, signaling strong foundational support for the Monad project.
November 2025, Cryptoniteuae