MON (Monad) up 14.36% in the last 24 hours

Gate News Bot Message, January 28th, according to CoinMarketCap data, as of press time, MON (Monad) is currently priced at $0.02, up 14.36% in the past 24 hours, with a high of $0.02 and a low of $0.02. The 24-hour trading volume reached $154 million. The current market capitalization is approximately $233 million, an increase of $29.2 million from yesterday.

Monad is a next-generation, Ethereum-compatible public chain dedicated to becoming a high-performance EVM blockchain. The network offers 10,000 transactions per second throughput, sub-second finality, low fees, and scalable decentralized features. Monad is fully compatible with EVM at the bytecode level, with Solidity smart contracts, EVM addresses, infrastructure, tools, and libraries ready to use out of the box, allowing developers to avoid learning new tech stacks. The network uses a custom database and low system requirements, enabling validators to run nodes on consumer-grade hardware, achieving true decentralization from day one, with a global network of over 200 validators.

Important recent news about MON:

1️⃣ Category Labs Launches Token Buyback Program to Support Price
Category Labs announced plans to buy back up to $30 million worth of MON tokens on the open market in the first half of 2026, depending on market conditions. This institutional-level buyback commitment demonstrates the project’s confidence in the long-term value of the token, while reducing circulating supply to support the price, sending a positive signal to investors. The implementation of the buyback will depend on market conditions, reflecting the project’s flexible and cautious capital allocation strategy.

2️⃣ Opportunities in the Evolving Competition Among Public Chains
The Ethereum ecosystem faces ongoing fragmentation pressures from Layer 2 networks like Base and Arbitrum, as well as competing public chains such as Solana. As a high-performance public chain compatible with EVM and offering 10,000 TPS throughput, Monad is well-positioned to benefit from the trend of users and capital migrating to high-efficiency chains, thanks to its advantages in transaction speed, cost, and decentralization.

3️⃣ Positive Macro Liquidity Expectations
The Federal Reserve’s easing policy expectations are changing, with market pricing indicating that rate cuts may be delayed until July 2026. This delay, along with stable policy expectations, is conducive to rational valuation of risk assets. As an alternative asset class, crypto assets are expected to attract more institutional allocation demand under the backdrop of increased policy certainty, providing macro-level support for high-performance public chain tokens like MON.

This message is not investment advice; please be aware of market volatility risks.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Is Zcash About to Rebound? Bitcoin's Trend May Determine ZEC's Next Price Movement

Zcash (ZEC) is currently priced at $220, facing a critical decision closely linked to Bitcoin. If Bitcoin remains strong, ZEC may rebound, and surpassing $242 could trigger a short squeeze; on the other hand, falling below $208 will intensify selling pressure. The overall trend is affected by Bitcoin, so investors should closely watch its movements.

GateNews7m ago

XRP Price Drops Over 60% from Peak, Bank Stablecoins May Indirectly Drive XRP Demand Growth

On March 23rd, XRP declined 3.74%, trading at $1.39, down 62% from its 2025 high. Analysis suggests that weak market confidence is related to macroeconomic pressures. Despite price pressure, institutional infrastructure continues to expand, indicating that XRP has room to establish itself in the financial system. Future discussions may focus on the gap between price volatility and infrastructure expansion.

GateNews9m ago

Bitcoin Briefly Falls Below $70,000 Mark During Asian Session as Fed Hawkishness and Macro Uncertainty Weigh on Market Volatility

Bitcoin fell below 70,000 on March 19, touching approximately 69,537, reflecting market concerns about the Federal Reserve maintaining high interest rates. Bitcoin subsequently rebounded to around 70,180, demonstrating psychological support at the 70,000 level. Despite improved market fund inflows, cryptocurrencies continue to face challenges amid global macroeconomic pressures, with 70,000 becoming a critical near-term level.

区块客16m ago

Federal Reserve Rate Cut Expectations Disappear, Bitcoin and Crypto Market Bullish Logic Falters

CME data shows that the probability of Federal Reserve rate cuts has dropped to zero, while the probability of rate hikes has increased to 12.4%. The market's interest rate expectations have been rapidly repriced, causing Bitcoin's price to pull back to $68,739. Rising crude oil prices and increased inflation expectations have further diminished the appeal of crypto assets. Analysts warn that the higher the probability of rate hikes, the lower institutional interest in Bitcoin becomes, putting pressure on the market in the short term.

GateNews26m ago

Pump.Fun News: PUMP Price Under Pressure, May Fall to $0.00169 in the Short Term

Pump.Fun (PUMP) has fallen about 17% since March 18, due to heavy selling pressure and ongoing net outflows from long-term holders. The money flow index indicates weak buying momentum, and the price may continue to decline. If it breaks below the $0.001780 support level, it could establish the next critical bottom. Analysts advise paying attention to support, resistance, and volume changes to evaluate price stability and potential buying opportunities.

GateNews27m ago

Korean Won Plummets, Triggering USDT Discount as Crypto Market Hedging Demand Plummets

On March 23rd, the Korean won fell to 1,511 won per US dollar against the dollar, marking its lowest level since 2009, driving investors to seek safe-haven assets. In South Korea's crypto market, however, USDT experienced a rare discount, trading at approximately 0.5% below the US dollar spot rate. Geopolitical tensions and stock market sell-offs have suppressed stablecoin demand, with USDT's discount reflecting intensifying risk-off sentiment in the market.

GateNews32m ago
Comment
0/400
No comments