Monad Foundation completed a $60M liquidity program that gave early investors the option to sell locked $MON at a discount.
What caught my attention is that almost all eligible holders chose not to participate.
It doesn’t automatically mean they’re bullish, but it does suggest many early holders would rather keep their exposure than take the immediate liquidity.
What caught my attention is that almost all eligible holders chose not to participate.
It doesn’t automatically mean they’re bullish, but it does suggest many early holders would rather keep their exposure than take the immediate liquidity.