Hyperliquid Faces Naming Dispute After Forcing Ticker Change on Mon Protocol

According to Blockbeats, Hyperliquid recently sparked controversy by changing the frontend display of the $MON ticker from Mon Protocol to MONPRO, in favor of the high-profile project Monad. Mon Protocol had paid approximately $500,000 in a Dutch auction to secure the ticker on Hyperliquid’s spot market. However, the Hyperliquid team argued that the frontend name change was necessary to prevent user confusion, as Monad, a more prominent project, also used the $MON ticker. The decision has led to backlash from the community, with critics accusing Hyperliquid of undermining the value of the auction process and favoring larger projects.