TLDR
- Monad launched its mainnet on November 24, bringing its Layer 1 blockchain live after nine months of testing
- MON price surged 62% in recent days, rising from $0.033 to around $0.047 following the mainnet launch
- The token generation event distributed 10% of the total 100 billion MON supply, with token holders tripling within 24 hours
- Monad processed over 2 billion transactions during testing with average gas fees of $0.006 and claims speeds over 10,000 transactions per second
- MON is now listed on major exchanges including Coinbase, Upbit, and Kraken, with analysts eyeing potential moves toward $0.10
Monad (MON) launched its mainnet on November 24 after spending nine months in a controlled testing environment. The Layer 1 blockchain went live with its native token MON immediately available on major exchanges.
The launch triggered rapid price movement. MON climbed from $0.033 to $0.047 within days, representing a 62% increase. The token currently trades at $0.04705, holding above the $0.047 support level.
The project conducted its token generation event alongside the mainnet launch. The team distributed 10% of the total 100 billion token supply. Within 24 hours of launch, the number of MON token holders tripled.
Network activity picked up quickly after going live. The Monad blockchain has processed over 2 million transactions since its mainnet debut. During the testing phase, the network handled over 2 billion transactions.
Monad is built as an EVM-compatible blockchain. The network claims transaction speeds exceeding 10,000 transactions per second. Average gas fees during testing came in at $0.006 per transaction.
Exchange Listings and Market Access
MON gained immediate access to major trading platforms. Coinbase, Upbit, and Kraken all listed the token at launch. The token is also available on decentralized exchanges.
The absence of a Binance listing has been noted by market observers. Some analysts suggest this has allowed MON to experience more organic growth patterns. The token avoided the volatility often seen with major exchange listings.
The broader crypto market has been recovering. Bitcoin moved above $89,000 while Ethereum crossed $3,000. This market backdrop has supported altcoin performance including MON.
Technical Levels and Price Targets
MON currently holds above the $0.047 support level. Technical analysis identifies $0.048 as a key resistance point on shorter timeframes. The price has formed an ascending channel pattern with higher lows and higher highs.
If MON breaks above $0.048, some analysts project potential movement toward $0.075. This would represent a 59% gain from current levels. Further out, observers point to $0.10 as a possible target if demand continues.
A move below $0.040 support could lead to testing the $0.035 level. The token has shown resilience at current prices as adoption continues.
The network’s technical specifications position it as a competitor to Solana and Sui. Its EVM compatibility gives developers familiar tools for building applications. The platform’s transaction speed and low fees are core features of its value proposition.
MON ranked among the top performers in crypto markets this week based on its price movement since mainnet launch.
The post Monad (MON) Price: Mainnet Launch Drives Token to $0.047 With 62% Gain appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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