Monad Token Climbs 46% After Early Dip as Coinbase-Sale Buyers Receive Allocations

Prior to distribution, some users raised questions about language in Coinbase’s “How token sales work” explainer, which warned that quickly “flipping” tokens could lead to smaller allocations in future offerings. A few participants worried that simply withdrawing MON onchain so they could use it on applications at launch might fall under that definition.

A Coinbase spokesperson told The Block this is not the case, saying that withdrawing MON to participate in the network “is not in itself penalized” under the mechanism. The launch coincides with Monad’s mainnet going live on Monday with support from MetaMask, Phantom, Curve, Uniswap, USDC, USDT0, and other major crypto applications.

Roughly 38.5 billion MON entered circulation for ecosystem development at launch, while 50.6% of the total supply — including allocations to the team, early investors, and the foundation treasury — remains locked until vesting begins in the second half of 2026 and continues through 2029. The token’s 24-hour trading volume sits around $450 million, Coinbase data shows, giving it a market cap of around $394 million and a fully diluted valuation of $3.6 billion.