The Layer-1 blockchain, built for high performance, hit 5 million transactions in its first 18 hours. Its $MON token launched after a $269 million Coinbase sale, now trading around $0.040 with a $440 million market cap after an initial dip and rebound. Early adopters saw big gains, like one $10,000 investment turning into $1.3 million, while co-founder Keone Hon noted the strong start. Critics highlighted the high $4 billion fully diluted valuation compared to Ethereum's early days, but community activity continues with apps and giveaways.

The Layer-1 blockchain, built for high performance, hit 5 million transactions in its first 18 hours. Its $MON token launched after a $269 million Coinbase sale, now trading around $0.040 with a $440 million market cap after an initial dip and rebound. Early adopters saw big gains, like one $10,000 investment turning into $1.3 million, while co-founder Keone Hon noted the strong start. Critics highlighted the high $4 billion fully diluted valuation compared to Ethereum's early days, but community activity continues with apps and giveaways.