Monad Public Sale Update: Over $140M Raised, Reaching 78.4% of Its Target

Monad Public Sale Progress Update

Image: https://x.com/monad/status/1990420961544323523

Based on publicly available data, Monad’s ongoing public offering on the Coinbase platform has raised more than $147 million, which represents 78.4% of its fundraising target. This figure is sourced from the exchange’s real-time public sale page and media reports. Since the sale is ongoing, these numbers may fluctuate as participation changes.

Public Sale Scale and Target Overview

Official documentation shows that the public sale is open to all and represents 7.5% of the initial token supply. Tokens are priced at 0.025 USDC per MON. Based on these terms, the Fully Diluted Valuation (FDV) is $25 billion.

To date, fundraising has proceeded in line with the proportional schedule. The team has not announced any extensions or structural changes. The process remains on track according to the published timeline.

Token Distribution Structure

Monad’s official tokenomics confirm a total supply of 100 billion MON tokens. The distribution breakdown is as follows (per official sources):

• Public Sale: 7.5%
• Ecosystem Development: 38.5%
• Team: 27%
• Investors: 19.7%
• Treasury: 4%
• Airdrop: 3.3%

At mainnet launch, about 10.8 billion MON are expected to enter initial circulation, including public sale and airdrop allocations. Team and investor shares include lockup and linear vesting mechanisms. These measures support medium- and long-term stability.

Technical Roadmap Overview

Monad is designed as an EVM-compatible Layer-1 blockchain. Key technical features announced by the team include:

• Parallel execution architecture
• Proprietary MonadVM virtual machine
• Latency optimization
• Full compatibility with the Ethereum toolchain

The team positions Monad as a high-performance EVM chain, though actual performance metrics can be evaluated after mainnet launch.

Mainnet Timeline and Airdrop Arrangements

According to media reports and official statements, Monad’s mainnet launch is expected on or around November 24. On launch day, the airdrop allocation will be released, and public sale tokens will become transferable on-chain.

For the airdrop, the team has made an eligibility checker available. The total airdrop represents 3.3% of the token supply, distributed via a tiered allocation structure and claim window. Actual distribution will begin only after the mainnet goes live.

Key Market Focus Areas (Objective Summary)

Current market interest in Monad centers on the following:

1. The large public sale and its potential impact on early market liquidity.
2. The technical roadmap is clearly articulated, but performance awaits mainnet validation.
3. Lockup periods for institutional and team allocations and their effect on future token release schedules.
4. As an EVM-compatible chain, the rate of ecosystem development will be crucial for long-term adoption.

There have been no official updates regarding changes to the public sale progress or technical roadmap. Market sentiment is driven largely by media coverage and community discussion, with no definitive assessments.