MON has continued its upward trajectory, gaining significant attention after Monad successfully launched its mainnet on November 24. The milestone has boosted confidence in the project, with the network’s enhanced efficiency, improved scalability, and clear development roadmap helping drive demand for the native token.
The broader crypto market has also strengthened, rising 3.37% in the past 24 hours despite a 7-day decline. Bitcoin climbed past $89,000, while Ethereum surged above $3,000, helping fuel optimism across major altcoins, including XRP and Solana.
Monad’s mainnet launch marked a major evolution for the project. Alongside the rollout, Monad executed its token generation event, releasing 10% of its fixed 100 billion total supply. Interest soared immediately, with the number of MON holders tripling within 24 hours. This rapid adoption underscores growing trust in the network, as new users and investors seek early exposure to the growing ecosystem. Since launch, the blockchain has already processed over 2 million transactions, signaling strong network activity.
MON’s price has reacted positively to the momentum. After hitting a high near $0.05, the token is currently trading at $0.04705, holding firmly above the key $0.047 support level with a 20% daily gain. Its rising utility and growing user base have positioned MON as one of the week’s standout performers. Analysts note that MON’s lack of a major exchange listing — such as Binance — has contributed to more organic price action, allowing the token to avoid volatility typically seen after high-profile listings.
Looking ahead, bullish sentiment continues to build. If demand remains strong, MON could break through the $0.05 resistance and potentially climb toward the $0.10 target some analysts are forecasting. However, a pullback remains possible; if the price falls below $0.040, MON could revisit lower support near $0.035.
