TLDR Monad (MON) dropped 32% in its first week after launching on November 24, 2025, trading at $0.02856 Large holders sold over 8 million tokens in one day while other whales spent $2.13 million USDC buying 70.64 million MON tokens Former BitMEX CEO Arthur Hayes criticized Monad as a high FDV, low circulation token and [...] The post Monad (MON) Price: Arthur Hayes Sells as Whales Buy the Dip appeared first on CoinCentral.TLDR Monad (MON) dropped 32% in its first week after launching on November 24, 2025, trading at $0.02856 Large holders sold over 8 million tokens in one day while other whales spent $2.13 million USDC buying 70.64 million MON tokens Former BitMEX CEO Arthur Hayes criticized Monad as a high FDV, low circulation token and [...] The post Monad (MON) Price: Arthur Hayes Sells as Whales Buy the Dip appeared first on CoinCentral.

Monad (MON) Price: Arthur Hayes Sells as Whales Buy the Dip

2025/12/04 17:13

TLDR

  • Monad (MON) dropped 32% in its first week after launching on November 24, 2025, trading at $0.02856
  • Large holders sold over 8 million tokens in one day while other whales spent $2.13 million USDC buying 70.64 million MON tokens
  • Former BitMEX CEO Arthur Hayes criticized Monad as a high FDV, low circulation token and sold his holdings after two days
  • Monad’s stablecoin supply reached $451 million and network activity shows growth despite price decline
  • Active addresses dropped and selling pressure continues, but whale accumulation suggests some investors remain confident in the project

Monad launched its mainnet and native token MON on November 24, 2025. The layer-1 blockchain network listed on major exchanges including Coinbase, KuCoin, and Bybit.

The token currently trades at $0.02856 after dropping 32% over the past seven days. Today MON posted a small gain of 2.3%.

Monad (MON) PriceMonad (MON) Price

On-chain data shows large holders sold more than 8 million tokens in a single day. Active addresses on the network decreased during the price drop. Network participation remained flat as selling pressure increased.

Whale Activity Shows Mixed Signals

One whale wallet accumulated 70.64 million MON tokens since launch. The buyer spent $2.13 million USDC at an average price of $0.03267 per token. The wallet currently holds unrealized losses of $250,000.

Other wallets holding over one million dollars worth of MON accelerated their selling. The selling from large holders happened while other whales continued buying the dip.

Former BitMEX CEO Arthur Hayes bought MON on November 27. He sold all his holdings two days later on November 29. Hayes criticized the token structure as high FDV with low circulation. This means the project has a large fully diluted value but only a small percentage of total supply trades publicly.

Monad CEO Keone Hon responded to Hayes’ comments about the risks associated with MON. Hayes’ public criticism and sell-off added pressure to the token price.

Network Metrics Paint Different Picture

Monad’s stablecoin supply continues climbing and reached $451 million. This represents one of the few positive indicators for the network.

Data from cookie.fun shows overall sentiment around Monad leans bullish. The project maintains one of the highest mindshare levels compared to other new projects.

The price chart shows reaction at a demand zone between $0.0282 and $0.0288. Multiple rounded lows in this area indicate buyers absorbed selling pressure. The token moved up to $0.0302 after finding support.

The RSI indicator sits in the low 60s, showing improving momentum without overheating. If the price holds above $0.0294, the technical structure favors a move toward $0.0313 and potentially $0.0332.

Market analysts note whale accumulation during price dips historically precedes market bottoms. The selling pressure creates liquidity that can attract new buyers and push prices higher.

The post Monad (MON) Price: Arthur Hayes Sells as Whales Buy the Dip appeared first on CoinCentral.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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