Coinbase Makes History with First-Ever Token Sale for Monad ($MON) as 80% Allocation Filled Ahead of Listing

The cryptocurrency market is on the verge of a significant milestone as Monad's $MON token prepares for its highly anticipated debut. Coinbase, a leading cryptocurrency exchange, is set to host the first-ever token sale on its platform, offering 7.5% of the total $MON token supply at a price of $0.025 per token. The sale, which runs from November 17 to November 22, has already seen 80% of its allocations subscribed, underscoring strong investor interest. This event marks a groundbreaking moment for institutional-grade token distributions, showcasing Monad's innovative approach to token sales. With the sale nearing completion, the market eagerly awaits the official listing of $MON on Coinbase, which could further propel the token's adoption and value in the crypto ecosystem.

Monad ($MON) Token Sale Nears Completion with 80% Allocation Filled Ahead of Coinbase Listing

The cryptocurrency market braces for a pivotal moment as Monad's $MON token approaches its debut. Coinbase will host the first-ever token sale on its platform, offering 7.5% of total supply at $0.025 per token from November 17-22. With allocations already 80% subscribed, the event marks a watershed for institutional-grade token distributions.

Unlike traditional sales, Monad's innovative allocation system prioritizes long-term holders over speculators. Smaller bids receive preferential filling, while larger orders are processed later—a deliberate design to discourage flipping. The token will commence trading on November 24, 2025 across multiple exchanges, with Coinbase serving as the primary launchpad.

Market analysts note the sale's strategic timing coincides with renewed institutional interest in blockchain infrastructure projects. At the fixed presale price, early participants could potentially realize 6x returns if listing momentum mirrors recent high-profile token launches.

Bitcoin Short-Term Holder Losses Reach Highest Level Since FTX Collapse

Bitcoin's short-term holders are facing unprecedented losses, with the supply in loss surging to levels not seen since the FTX collapse in 2022. On-chain data reveals four consecutive lower lows in Bitcoin's price trajectory, exacerbating realized losses and panic-driven exchanges. Institutional players like BlackRock are capitalizing on the dip, transferring 4,800 BTC and 54,730 ETH to Coinbase Prime, signaling a stark contrast between retail capitulation and institutional accumulation.

Glassnode reports that 99% of short-term holders—addresses holding BTC for fewer than 155 days—are underwater, with over 5.4 million BTC in unrealized losses. The realized P/L ratio has plummeted to -1.4, mirroring the FTX-era crash. This feedback loop of falling prices and mounting selling pressure suggests recent buyers were caught at the top, compounding systemic stress.