What to know:

Monad's launch at a $3.2 billion FDV highlights the impact of low-float tokenomics on perceived market value.

The listing occurred amid a bearish market sentiment, influenced by BTC's decline and a thin token float.

The debut raises questions about FDV's reliability as a market signal in environments with engineered scarcity and delayed supply unlocks.

Monad launched its MON token on Monday with only a small fraction of the total supply in circulation, highlighting a key challenge in crypto valuation: how limited token floats can inflate fully diluted valuations (FDV) that don’t accurately represent true market demand or liquidity.

Monad (MON) went live during one of the year's weakest stretches, with BTC sliding from about $120,000 to below $85,000 in the weeks leading up to the listing.

What to know:

Monad's launch at a $3.2 billion FDV highlights the impact of low-float tokenomics on perceived market value.

The listing occurred amid a bearish market sentiment, influenced by BTC's decline and a thin token float.

The debut raises questions about FDV's reliability as a market signal in environments with engineered scarcity and delayed supply unlocks.

Monad launched its MON token on Monday with only a small fraction of the total supply in circulation, highlighting a key challenge in crypto valuation: how limited token floats can inflate fully diluted valuations (FDV) that don’t accurately represent true market demand or liquidity.

Monad (MON) went live during one of the year's weakest stretches, with BTC sliding from about $120,000 to below $85,000 in the weeks leading up to the listing.