DeFi· ★★★· bearish·

Monad to Unlock 10.7B MON on November 24, Roughly 90% of Circulating Supply

  • —Team unlock is about 10.7 billion MON, or ~10.7% of the 100 billion initial supply
  • —Circulating supply stands at 11.83 billion MON, so the team tranche equals ~90% of the float
  • —At $0.0263, the tranche is worth roughly $280 million versus a $311 million market cap
  • —Investor tranche (~19.7 billion MON) follows a four-year schedule with a one-year cliff and 1/48 monthly unlocks
Why it matters: The large unlock could add selling pressure on MON, so holders should review position size and staking lock-ups ahead of the date.
Source: CryptoTicker