Just 6% above the all-time low—$MON , and below that lies uncharted territory
Current price: $0.01632, down 2.04% in 24h, just about 6.5% above the all-time low of $0.01533; down 36.7% over the past 30 days, and about 67% below the November 2025 high of $0.04883.

Project snapshot: Monad is a high-performance, EVM-compatible L1 focused on parallel execution, targeting 10,000 TPS and sub-second finality. MON is its native token, used for gas, staking, and governance. The mainnet launched on November 24, 2025, and the team is led by former Jump Trading employee Keone Hon.

Catalysts: The mainnet is approaching its first anniversary, cumulative transactions have topped 1 billion, and DeFi TVL is nearing $1 billion. However, November 24 is also the first unlock window for tokens held by the team, investors, and treasury.

Market data: Current price: $0.01632; 24h range: $0.01615–$0.01736; Binance perpetual 24h trading volume: about $9.43 million; open interest: about 1.01 billion MON (about $16.5 million); funding rate: +0.005%/8h (next settlement at 20:00 CST); market cap: about $194 million, FDV: about $1.65 billion; circulating supply: about 11.8 billion tokens, or roughly 11.8% of the total supply.

Risks: The November 24 anniversary unlock is the biggest variable. According to official filings, tokens held by the team, investors, and treasury begin unlocking after one year; about 10.7% of the total supply is set to unlock around the anniversary, potentially increasing circulating supply. FDV is about 8.5 times the market cap, so future circulation will need to absorb the valuation. The token is down 36.7% over 30 days, and weakness persists; $BTC is also facing pressure around $73,000 over the same period.

What to watch next: Whether the all-time low of $0.01533 holds; token movements by the team and investors as the November 24 unlock window approaches; and whether TVL can hold above $1 billion.

With the mainnet’s first anniversary coinciding with the unlock window, do you think $MON will break its all-time low first, or see a rebound first?
$MON $BTC
For informational purposes only; not investment advice