Monad Offers Early Backers $60 Million Buyout, Most Investors Refuse to Sell

Monad Foundation has closed out a buyback initiative that gave select early-stage investors a chance to sell their locked MON tokens at a reduced rate, months before those tokens were due to unlock. The foundation had earmarked up to $60 million for the effort, but disclosed that almost none of the approached investors took the deal.

Token Unlock Timeline and Market Snapshot

Early investors hold close to 19.7 billion MON, nearly a fifth of total supply, locked since the network’s launch last November under a four-year vesting plan. Regular monthly releases begin this November. MON currently trades near $0.021, sitting below its original public sale price of $0.025, giving it a market cap around $250 million.

Network Activity Climbs Despite Weak Token Price

Total value locked in Monad’s DeFi ecosystem has jumped from roughly $360 million to nearly $895 million since early July, even as the token itself has underperformed.