In accordance with Bitcoinist, the Monad (MON) token presale on Coinbase raised $269 million from 85,820 participants, far exceeding its initial $187.5 million target. The presale ran from November 17 to 22, 2025, and has drawn significant attention from investors and traders, with many watching for potential short-term price spikes and long-term viability. Meanwhile, the project's total value locked (TVL) stands at $68 million, and its 24-hour DEX trading volume is $7.3 million, which some analysts view as underperforming relative to its $4.5 billion market cap. The presale success has also fueled interest in Best Wallet’s ($BEST) upcoming token sale, which is currently raising over $17.5 million with a 75% APY staking reward.
Monad (MON) ICO Surpasses $269M in Presale, Sparks Debate on Valuation and Market Potential
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