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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: 1. **Small free float at launch** Only a limited % of supply will be liquid early. → This can mean **high volatility** both up and down. 2. **Big allocations to team & investors** A lot of tokens are locked for team, VCs, and ecosystem. → Unlock schedule becomes super important later. 3. **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. 4. **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) ---