Monad, an Ethereum rival, offered early investors up to $60 million to cash out. Almost all said no
The program came three months before investor unlocks begin, with MON trading below its public-sale price and most of the token supply still outside circulation.
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Summary
- The Monad Foundation completed a program offering to buy locked MON tokens from select early investors at a discount, but says few chose to sell.
- Any MON tokens repurchased in the program will remain locked on their original vesting schedule, meaning the buyback does not accelerate tokens coming onto the market.
- MON’s price has lagged despite rapid growth in Monad’s decentralized finance activity, and the foundation says the offer was intended to provide liquidity to changing investors while keeping long-term holders aligned.
