The public sale of Monad (MON) tokens on the Coinbase platform will end in oversubscription. Despite initial market concerns that the token sale may be cold, a surge in later buying activity has dispelled this doubt.
The sale, which aims to raise $187 million through USDC, has raised nearly $216 million at press time, more than 115% of its target. According to a real-time data panel published by X platform user Swishi, the pace of buying accelerated significantly before the sale deadline at 9pm EST on Saturday, with purchases exceeding $43 million in the past 24 hours. The MON token sale launched on November 17, with $43 million in purchases within half an hour of opening. It got off to a hot start, but the trend slowed down that day - only 45% of the target was completed about 6 hours after the sale started. In comparison, rival network MegaETH launched a token sale on October 27, only 50 million US dollars was subscribed for 1.39 billion US dollars, and the oversubscription multiple was 27.8 times.
Monad token public sale breaks "misfire" concerns, will end with oversubscription on Coinbase
2025-11-22 21:05:32
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