08:54
Analysis: The Monad Token MON surged over 35% on its first day of launch, after which market sentiment turned bearish, with a net long positions decrease of up to 118% among the top 100 addresses.
The MON token issuance of Monad is exceptionally strong, with a first-day rise of over 35%, while most new token issuances driven by Airdrop (TGE) quickly fall in a weak market, indicating that the early excitement is fading. The potential dumping triggered by Airdrop claims, the decrease in Perptual Futures Holdings, and weak volume are all putting short-term pressure on Monad's price prediction chart.
Due to the lack of long-term historical data, MON is still in the issuance phase, making short-term signals more important than ever. Perptual Futures Holdings is the clearest early signal for MON, as most of the new liquidity flowed into Perptual Futures Holdings in the early stages of trading. These operations often lead the spot price, especially in volatile conditions.
MON13.22%

