A review of public Monad (MON) and Coinbase records found no documented $60 million cash exit for early investors, while disclosed terms keep investor tokens locked until Nov. 24.
Key Points:
- No official Monad announcement, Coinbase disclosure or launch coverage reviewed by Crypto Daily documented a $60 million investor exit.
- The public sale offered up to 7.5 billion MON at $0.025 each.
- About 19.7 billion MON allocated to investors follows a four-year lockup with a one-year cliff and equal monthly unlocks afterward.
Monad Exit Claim
Crypto Daily said on Aug. 18 that it reviewed Monad’s announcement archive, the MON public-sale disclosure issued by MF Services (BVI), Ltd. on Coinbase, and contemporaneous launch reporting. The review found no company-initiated tender, buyback or other cash exit totaling $60 million for early investors.
No public document identified in that review overrides the disclosed vesting schedule.
The Coinbase disclosure says the public sale ran Nov. 17-22, 2025, with up to 7.5 billion MON offered at $0.025 per token and an implied $2.5 billion fully diluted valuation. It lists an initial supply of 100 billion MON and allocates roughly 19.7 billion, or 19.7%, to investors under a four-year lockup beginning at mainnet launch, with a one-year cliff and equal 1/48 monthly unlocks afterward.
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MON Vesting Terms
Those restrictions matter because a cash exit for investors holding locked tokens would operate separately from the scheduled token releases and would ordinarily require a documented tender, repurchase or comparable arrangement. None appears in the public materials examined by Crypto Daily.
That leaves the $60 million exit claim unverified.
Launch coverage from The Block instead focused on demand for the Coinbase sale, reporting that it “started hot and then fizzled,” while discussing undersubscription risk and possible sell pressure as supply reached the market. The outlet’s reporting cited in the review did not describe a company-run cash exit for early investors.
Monad opened its airdrop claim portal on Oct. 14, 2025, and kept it open through Nov. 3 before distributing claimed tokens with the Nov. 24 mainnet launch.
Because investor tokens face a one-year cliff from that launch, the first scheduled investor unlock arrives Nov. 24, 2026, followed by equal monthly releases under the disclosed four-year schedule.
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