Recently I’ve been looking at $MON .

There’s a time point you need to remember in advance:

On November 24, a large unlock is scheduled.

Right now, MON’s circulating supply is only about 11.8 billion coins.
As for the team, investors, and other holders, their tokens will begin entering the unlock phase.

So when you look at MON now,
don’t just focus on the circulating market cap of around $400 million—
also look at FDV + Unlock.

For coins with low circulating supply, unlocks are always a hurdle you can’t get around.