As reported by FinBold, a crypto trader suffered nearly $2 million in realized losses after taking aggressive long positions on Monad’s MON token. The losses occurred within hours of MON’s volatile debut on secondary markets, with a single liquidation wiping out over $963,000. The token surged nearly 99% in 24 hours but quickly reversed, triggering a cascade of forced exits. The token sale on Coinbase’s launch platform attracted $269 million in commitments, but early trading proved highly volatile.
Crypto Trader Loses $1.9M in MON Token Volatility
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