Monad (MON) Public Sale on Coinbase – Today’s Update

Monad just pulled off one of the biggest token sales of the year on Coinbase – and it didn’t end up a flop like people feared in the middle of the sale.

This is a quick no-BS update on what actually happened, where the numbers landed, and what’s next.

🧾 Quick Context

Project: Monad – next-gen, Ethereum-compatible L1
Token: MON
Platform: Coinbase Token Sales (retail-friendly)
Sale window: Nov 17, 2025 – Nov 22, 2025 (US time)
Price: $0.025 per MON
Total initial supply: 100,000,000,000 MON
Public sale allocation: 7.5% (7.5B MON)

So this wasn’t a random launchpad; this was the first big L1 sale on Coinbase’s new token sale platform.

📊 Final Sale Numbers (as of today)

The important part: how did the sale actually end?

🎯 Target raise: $187M
✅ Final raised: around $269M
👥 Participants: ~85,820 wallets joined the sale
📈 Status: clearly oversubscribed, not underfilled

Early in the week it looked weak (only ~45% of target after day one), but in the last stretch money poured in, and the sale flipped from “hmm is this dead?” to fully sold out with a big buffer.

🧩 Token Sale Structure (Simple Version)

Here’s the high-level tokenomics around the sale:

7.5% – Public sale via Coinbase
~3.3% – Airdrop to early users & community
38.5% – Ecosystem development
27% – Team
19.7% – Investors
4% – Treasury

Public sale price + supply implies an FDV of about $25B at launch. Heavy numbers for a new L1.

🎯 What’s Happening Today

Today’s status in plain words:

The token sale is already finished – no more new commitments.
The team has confirmed the final amount (~$269M, 85k+ participants) and called the sale a success.
Mainnet launch is scheduled for Nov 24, 2025, and that’s when:
- MON tokens from the sale will be distributed
- MON airdrop escrow will unlock to eligible wallets
Some exchanges are preparing listings – for example, in Indonesia:
- INDODAX MON/IDR: deposit opened on Nov 23, trading starts Nov 24 (local time).

So today is basically “calm before the listing/mainnet” – sale done, money locked, everyone waiting for tokens to hit wallets and order books.

⚠️ Things Degens Should Watch

Not financial advice, but if you’re watching MON, these are the key points:

Small free float at launch
Only a limited % of supply will be liquid early.
→ This can mean high volatility both up and down.
Big allocations to team & investors
A lot of tokens are locked for team, VCs, and ecosystem.
→ Unlock schedule becomes super important later.
Market conditions
The sale was big in dollar terms, but the overall crypto market is still shaky.
→ Even a “successful sale” can trade badly if macro is heavy.
Actual L1 performance
Hype is cool, but long term it all comes down to:
- how fast / cheap the chain is in real usage
- how many devs ship on Monad
- whether real users show up (not just airdrop farmers)