Monad Token Sale Overcomes Doubts, Closes Oversubscribed on Coinbase

Summarize:

• Raised over $216 million, surpassing the $187.5 million target.
• Launched November 19, 2025; ends November 23, 2025; mainnet follows on November 24.
• 7.5% of 100 billion MON supply sold at $0.025 each, valuing the project at $2.5 billion FDV.
• Open to users in over 80 countries, with limits from $100 to $100,000.
• Defied early “fizzle” concerns, ending 1.05x oversubscribed via a fair “bottom-up” allocation.

Monad, a promising Layer 1 blockchain that is fast and efficient, just finished its public token sale on Coinbase’s new platform. It started off with a bang, bringing in $43 million in the first 23 minutes, but then it slowed down, which made people worry it might not do as well. But as the time ran out, demand picked up again, pushing the sale past its goal and into oversubscribed territory.

These numbers on a screen don’t tell the whole story. It shows that people really believe in Monad’s technology, which is supposed to be able to handle thousands of transactions per second without losing its decentralized nature. Monad didn’t care about making things look cool; instead, they focused on making things available to as many people as possible. They put smaller buyers ahead of big institutions to spread the wealth.

The sale started off strong, with $50 million promised in less than an hour. Then things calmed down. By the six-hour mark, only 45% of the tokens had been sold, leaving over $100 million in tokens unsold. Some people couldn’t join because of regional rules, and critics pointed to market drops and eligibility issues.

But Monad’s team stayed calm. They used a “filling from the bottom” method, which made sure that even small contributors had a fair chance if there were too many people. This method was different from mega-sales like MegaETH’s $1.39 billion haul, which focused on quantity over quality.