ExchangeDEX+

Buy Crypto Markets Spot Futures500X Earn Events

PANews reported on November 18 that, according to The Block, Monad's public token sale through Coinbase started off very well, raising $43 million in just 23 minutes. However, the hype quickly died down, with only about 48% sold as of press time, leaving over $100 million still available for subscription. The sale aims to raise $187 million USDC and will be offered on a fixed-time basis rather than on a first-come, first-served basis. Market concerns have raised questions about its high valuation (FDV of $2.5 billion) and the allocation of 50% of tokens to the team and venture capitalists, leading to a wait-and-see attitude among retail investors. The sale will continue until this Saturday.PANews reported on November 18 that, according to The Block, Monad's public token sale through Coinbase started off very well, raising $43 million in just 23 minutes. However, the hype quickly died down, with only about 48% sold as of press time, leaving over $100 million still available for subscription. The sale aims to raise $187 million USDC and will be offered on a fixed-time basis rather than on a first-come, first-served basis. Market concerns have raised questions about its high valuation (FDV of $2.5 billion) and the allocation of 50% of tokens to the team and venture capitalists, leading to a wait-and-see attitude among retail investors. The sale will continue until this Saturday.

Coinbase's Monad public offering raised $43 million in 23 minutes, but subsequent subscription enthusiasm quickly cooled.

2025/11/18 10:16

The sale aims to raise $187 million USDC and will be offered on a fixed-time basis rather than on a first-come, first-served basis. Market concerns have raised questions about its high valuation (FDV of $2.5 billion) and the allocation of 50% of tokens to the team and venture capitalists, leading to a wait-and-see attitude among retail investors. The sale will continue until this Saturday.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.