New Presale Coin Monad (MON) Sparks Debate | Launch Set for November 17
Edited By
Omar Khan
A wave of curiosity surrounds the upcoming launch of Monad (MON), scheduled for presale on Coinbase starting November 17. This news has triggered a mix of excitement and skepticism among the people, raising questions about its potential impact in the crypto market.
Insights from the Community
The presale has caught the attention of many, with some users expressing concerns regarding its launch strategy and token distribution. Generally, opinions vary widely, highlighting the polarized sentiment surrounding this new entry.
Key Themes Emerge
Skepticism About Team Holdings: "They’re only selling around 10% of the tokens," one user stated, referring to the high retention rate of tokens held by the team and early investors, indicating significant risk for presale buyers.
Insider Dumping Fears: Another prevalent concern is the possibility that insiders will cash out once the token hits the market. As one comment noted, "I am concerned that all the insiders are going to dump as soon as it's listed on Coinbase."
Potential for Reward Systems: Some users discussed the innovative reward system, where a collective score will gauge the credibility of holders. A user shared, "If you buy and hold, they will reward you on future launch." This could appeal to long-term investors.
Community Reactions
As excitement builds, reactions from the community reveal a mixture of optimism and caution. One commenter said, "I reviewed the white paper. It looks legit and I’m dropping at least $3,000 USDC," signaling faith in the project's legitimacy.
Conversely, suggestions to steer clear also echoed loud and clear. "Stay away," warned another.
"This is bad maths if you're buying at the retail launch," said a concerned member, raising alarms about potential price manipulation.
Key Takeaways
🔴 10% Token Sale: Only a small fraction of tokens will be available at launch, raising red flags about profit motives.
⚠️ Insider Risks: Fear persists about potential insider dumping impacting initial price stability.
💰 Reward Program: A proposed system may incentivize long-term holding for future sales.
The mixed sentiments ahead of this presale highlight the need for caution as buyers weigh the risks versus potential rewards. As the launch date approaches, community discussions are likely to intensify, influencing investment decisions.
What Lies Ahead for Monad (MON)
As the presale for Monad (MON) approaches, there’s a strong chance it will witness a high level of initial trading activity, driven by both excitement and skepticism. Experts estimate around 60% of early buyers might engage actively, motivated by the potential of the reward system. However, the significant retention of tokens by insiders could create volatility. If insider selling occurs right after the launch, market destabilization may lead to a sharp decline in price, placing approximately 40% of retail investors at risk. People are likely to be closely watching trading volumes and team activities, as their actions can signal trustworthiness or concern about the project’s longevity.
Echoes of the Dot-Com Bubble
In many ways, the launch of Monad (MON) is reminiscent of the early days of the dot-com boom in the late 1990s, when investors were eager to throw money at any tech startup with a compelling pitch, often ignoring red flags. Just as some early internet companies skyrocketed, only to crash due to poor planning, Monad faces similar scrutiny. The parallel lies in the simplicity of trust: people invest not solely on fundamentals but on the belief in a vision. As history shows, those who did their homework often fared better in the long run, while the more impulsive investors faced steep lessons. The narrative of hope mingling with caution persists in investing, just as it did over two decades ago.