
Monad, an Ethereum rival, offered early investors up to $60 million to cash out. Almost all said no
Investors were allocated about 19.7 billion $MON, nearly 20% of the original supply. Those tokens were locked when Monad's public network launched last November and begin unlocking after a one-year wait, followed by monthly releases over the remainder of a four-year schedule. That makes November the first point at which early investors begin receiving tokens they can sell normally. $MON traded around $0.021 on Tuesday, about 16% below the $0.025 price of last year's public sale. Roughly 11.8 billion $MON are currently circulating, giving the token a market value near $250 million against a fully diluted value of about $2.1…








