$MON MONON/USDT The current price is approximately 0.04586 USDT, with a 24-hour rise of 2.43%, market capitalization of about 4.99M USDT, and a circulating supply of 108.30M MONON. This appears to be the token of the Monad project (referred to as MON), which is a high-performance EVM-compatible Layer 1 Blockchain focused on high throughput (10k TPS) and low latency. Recently (November 2025), the MON price rapidly pumped from the pre-sale price of around 0.025 USDT to the current level, with an increase approaching 2 times, but the community and market discussions have repeatedly mentioned "10x potential", mainly stemming from the ecological explosion and speculation after the Mainnet launch. To achieve 10 times (i.e., above 0.25 USDT), it requires sustained adoption and technological validation, but the foundation for the recent rise has already begun to show signs. Below is an analysis of its core driving factors based on the latest market data and community feedback:

1. Mainnet Launch Catalyst (Online on November 24)
The Monad Mainnet officially launched on November 24, 2025, which is the direct catalyst for the price pump. After the launch, on-chain transaction volume and TVL (Total Value Locked) surged by 355%, directly pushing the MON price from the initial listing range of 0.01-0.025 USDT to 0.039-0.045 USDT. Community feedback indicates that the Mainnet brings immediate ecological activation, including native USDC support and multi-chain integration (such as Avail Nexus), attracting DeFi and dApp migration.
10x potential: The mainnet has validated the technical promise of 10k TPS and 1 second block time. If subsequent dApp surges (such as committed projects like Curvance, LayerZero, etc.), TVL can be further amplified. Similar EVM chains like Base/Tempo have achieved 5-10x rise due to ecosystem migration. 17abbd
2. Fair Distribution and Community Incentive Mechanism
Monad is publicly offering 7.5% of its supply (total supply 100B, actual including rewards up to 108.2B) through the Coinbase ICO (November 17-22) at a price of 0.025 USDT, with an oversubscription of 116% (85k+ participants). This is seen as a "retail-friendly" strategy to avoid VC monopoly. An additional 3.3% airdrop reward is allocated to the crypto twitter (CT) community, distributing at zero cost to create FOMO (fear of missing out). 082a07
ICO raised $187 million for the ecological fund, rather than team expenses, further enhancing trust. After the presale, MON had a 4% premium on Hyperliquid perpetual contracts, with the secondary market quickly rising from 0.029 USDT. The 631caf community views this as an "anti-exchange black hand" initiative (such as rejecting Binance's 10% allocation), restoring confidence in L1. 7f8255
10x potential: Fair distribution attracts 85k+ new users, similar to Solana's early community-driven approach. If there is no dumping after the 30-day lock-up period (the incentive mechanism punishes early sellers), the price can leverage ecological expansion to achieve a multiple increase. 33a564
3. Overlay speculation on technological and ecological advantages
The core selling point of Monad is full EVM compatibility + parallel execution (MonadDB + MonadBFT), supporting seamless migration of Ethereum dApps, while integrating 12+ chains without bridging requirements. The 57f729 team background (from high-frequency trading) focuses on DeFi high throughput, with the pre-TGE ecosystem exceeding 100+ projects. 8a23fb
Market forecasts indicate that the average price could reach 0.55 USDT (+12x current) by the end of November, and if adoption soars, it could hit 0.70 USDT (+15x). Discussions on the ecd2e4 X platform suggest that after a 35% daily rise, a further 200% increase is seen as the "horizon". d8f5f8
10x potential: If the aggregator (like routing ERC-20 exchanges) dominates Monad traffic, the price can easily be pushed to 0.10 USDT; combined with open-source code and JIT compilation upgrades, long-term DeFi adoption will amplify the multiples. 5b38d5
4. Market Environment and Risk Considerations
The overall crypto market experienced a pullback in November (BTC fell from 126k to 86k), but Monad rose against the trend, benefiting from the recovery of the L1 narrative and BTC stabilizing above 85k. 02ffc738b76e Institutional interest (such as Coinbase custody liquidity) has reduced manipulation risk. fbb753
Risk: Total supply 100B+ dilution effect, FUD (such as the foundation paying with ecological tokens) may trigger a pullback. 8fa587 short-term volatility is high (high risk high return type), but the 1-year lock-up period and professional team provide a buffer. bb83b3
Summary: The recent rise of MON (almost 2x) is mainly due to the launch of the Mainnet and the community momentum created by the fair ICO. If the ecosystem's TVL continues to explode, a 10x rise (to 0.25+ USDT) is not out of reach, similar to the path of Base in 2024. However, the crypto market is highly volatile, so it is recommended to DYOR (Do Your Own Research) and pay attention to on-chain indicators and unlocking events. NFA (Not Financial Advice).