The Monad presale closed at 8 PM on 11/22/25. No distribution. No allocation updates. No refunds. Nothing has happened yet. And still — based ONLY on the numbers — something feels off. The sale didn’t just sell out. It detonated. Because in the span of a few hours, with almost zero noise or hype, the presale hit:187.5M available269M requested1.43× oversubscribedAnd this is where things stop making sense.**This isn’t peak mania.This isn’t 2021. And we’re nowhere near the top of this cycle.** Y...