Monad’s native coin $MON extended losses after X suspended the blockchain project’s official account on Monday without explanation.
CoinGecko data shows that $MON fell about 9% to $0.029 in the past 24 hours, though it has still gained 29% over the past month.
The layer 1 blockchain built by former Jump Trading engineers is the latest in a string of crypto-related account suspensions on X, following a pattern of aggressive platform moderation.
In June 2025, X suspended several prominent Solana ecosystem accounts, including the dominant meme coin launchpad Pump.fun, the open-source AI framework ElizaOS, and the wallet tracker GMGN.
These sweeps targeted both official project handles and the personal profiles of founders, such as Pump.fun’s Alon Cohen and Eliza Labs leader Shaw Walters. While several accounts were reinstated within weeks, others, including Shaw Walters and ElizaOS, remained suspended for six months, finally being restored in late December 2025.
Walters filed a lawsuit against X last August, alleging the suspension was intended to suppress competition with X’s in-house AI, Grok, after Eliza Labs declined to pay an annual API fee.
Monad launched its public mainnet on November 10, 2025, backed by approximately $225 million in funding from a Paradigm-led Series A that valued the project at around $3 million before launch. Its $MON token, with a total supply of 100 billion, handles gas fees, staking, and ecosystem liquidity.
