At 08:14 UTC on 25 October 2026, CoinGecko showed Monad (MON) at $0.02123. That is 21.4% below its 8 September 2026 snapshot of $0.02701. It is also 37.3% below the 4 October peak of $0.03388, 56.5% below the all-time high of $0.04883 set on 26 November 2025, and 15.1% below the $0.025 public-sale price. The next fixed event is 24 November 2026, the first anniversary of mainnet. Under the Monad Foundation's published schedule, team token releases and the investor and treasury cliffs start on that date. All price figures here come from one data source, CoinGecko.
Where MON stands on 25 October 2026
| Metric (CoinGecko, 25 Oct 2026, ~08:14 UTC) | Value |
|---|---|
| Price | $0.02123 |
| Market cap | $251.0M |
| Market cap rank | #151 |
| Circulating supply | 11.83B MON |
| Total supply | 100.68B MON |
| All-time high | $0.04883 (26 Nov 2025) |
| All-time low | $0.01637 (5 Feb 2026) |
| Change vs 18 Oct 2026 snapshot ($0.02175) | -2.4% |
MON is 29.7% above its all-time low. About 11.7% of total supply is circulating.
Trading activity has fallen sharply. In the 8 September 2026 snapshot, CoinGecko's 24-hour volume figure was $208.4M. In the 25 October 00:00 UTC snapshot it was $13.7M, and every daily figure from 18 October onwards was below $21M.
What happened after the 8 September week
CoinGecko daily snapshots, taken at 00:00 UTC:
- 1–8 September 2026: MON stayed between $0.02494 (6 Sep) and $0.02712 (4 Sep). It went from $0.02646 on 1 September to $0.02701 on 8 September.
- 8–16 September: it fell 19.7% to $0.02168 on 16 September.
- 16 September – 4 October: it rose 56.2% to $0.03388 on 4 October, the highest daily snapshot in the period.
- 4–20 October: it fell 38.3% to $0.02091 on 20 October, the lowest daily snapshot since late August.
- 20–25 October: it held between roughly $0.0209 and $0.0221.
These are once-a-day snapshots. Highs and lows within a day were larger than this list shows.
The 24 November 2026 unlock
The Monad Foundation's tokenomics overview sets out the schedule for the 100B MON initial supply:
- Team (about 27%): "All team tokens are locked for the first year following the launch of Monad Public Mainnet." Releases start at the one-year anniversary and continue over the following three years. The Foundation expects released team tokens to equal about 10.7% of initial token supply at that anniversary.
- Investors (about 19.7%) and Category Labs Treasury (about 3.95%): a four-year lock-up from mainnet launch, "with a one-year cliff and equal (1/48) monthly unlocks thereafter."
- Full unlock: by the fourth anniversary of mainnet, in Q4 2029.
- Locked tokens cannot be staked. At launch, 50.6B MON (50.6%) was locked. About 10.8B MON (10.8%) was expected to circulate, mostly from the public sale (up to 7.5%) and the airdrop (about 3.3%).
Mainnet launched on 24 November 2025, so the anniversary falls on 24 November 2026. The Foundation's figure of about 10.7% of initial supply is roughly 10.7B MON. Today about 11.83B MON circulates, so that release alone would be close to the whole current circulating supply. The schedule does not say how much of it will be sold. It says only when the tokens become transferable.
MON from mainnet to full unlock
Step through the dated events behind MON's price and supply, from the 24 November 2025 mainnet launch to the full unlock in Q4 2029.
- 24 Nov 2025Mainnet launchesconfirmed
Monad Public Mainnet went live. At launch, 50.6B MON (50.6%) was locked, and about 10.8B MON (10.8%) was expected to circulate, mostly from the public sale (up to 7.5%) and the airdrop (about 3.3%).
- 26 Nov 2025All-time highconfirmed
CoinGecko records MON's all-time high of $0.04883.
- 5 Feb 2026All-time lowconfirmed
CoinGecko records MON's all-time low of $0.01637. On 25 October 2026, MON was 29.7% above this level.
- 8 Sep 2026The article's anchor weekconfirmed
CoinGecko's daily snapshot put MON at $0.02701, and its 24-hour volume figure was $208.4M.
- 4 Oct 2026Highest daily snapshot in the periodconfirmed
MON reached $0.03388, a 56.2% rise from $0.02168 on 16 September.
- 20 Oct 2026Lowest daily snapshot since late Augustconfirmed
MON fell 38.3% from the 4 October peak to $0.02091.
- 25 Oct 2026Latest readingconfirmed
At about 08:14 UTC, MON traded at $0.02123. That is 21.4% below the 8 September snapshot and 15.1% below the $0.025 public-sale price. About 11.83B MON was circulating, and the 00:00 UTC 24-hour volume figure was $13.7M.
- 24 Nov 2026First anniversary of mainnet: team release and cliffsexpected
Under the Monad Foundation's schedule, team token releases start. The Foundation expects them to equal about 10.7% of initial supply, roughly 10.7B MON. The one-year cliff ends for investors (about 19.7%) and the Category Labs Treasury (about 3.95%), and equal 1/48 monthly unlocks follow. The schedule says when tokens become transferable, not how many will be sold.
- Q4 2029Full unlockexpected
By the fourth anniversary of mainnet, the Foundation's schedule has the full 100B MON initial supply unlocked.
Prices and volume are CoinGecko daily 00:00 UTC snapshots, apart from the 25 October reading at about 08:14 UTC. Unlock terms are the Foundation's own published schedule. The timeline leaves out intraday moves and the issuance of about 2B MON a year, and it cannot show how much unlocked MON will be sold.
Supply changes outside the unlocks
- Issuance: every block pays a reward of 25 MON to the stakers of the validator that produced it. The Foundation says this "yields inflation of about 2B MON (2% of initial total supply) per year."
- Burn: the base part of every transaction fee is burned. Priority fees are not burned.
What Monad is
Monad is a layer-1 blockchain that runs EVM bytecode, so Ethereum contracts and tools work on it without changes. Its documentation describes:
- MonadBFT consensus
- parallel and asynchronous execution
- "10,000 tps of throughput", "300ms block frequency, and 600ms finality"
Those are the project's own design figures, not independent measurements. The Block reported that the public sale raised about $269 million from 85,820 participants before the November 2025 launch.
What to watch
- Price against the $0.025 sale price and the $0.01637 low. These are the two reference levels the market has already set.
- 24-hour volume. Volume is now about one fifteenth of the 8 September figure, so any large transfer of unlocked tokens would meet much less trading.
- Circulating supply on and after 24 November 2026. Data aggregators should show the team release and the start of the monthly investor and treasury unlocks.
Limitations: prices and volume come from a single aggregator, CoinGecko, as daily 00:00 UTC snapshots, and the unlock terms are the Foundation's own published schedule.
Crypto assets are volatile and you can lose your capital. Nothing here is investment or trading advice.
