Predatory tokenomics aside, it's still impressive Monad has managed to fill over 95% of it's round in a market like this.
Monad's ICO ends today, with trading going live on the 24th of November
There's a lot of speculation on what will happen, but I personally think that, except we get a miracle pump, we might not see any decent PA.
Short or Long term.
Especially with the following reasons:
1. Pre market has most likely bottomed: As of writing this, $MON FDV on HyperLiquid pre market is $2.9B
Sale FDV - $2.5B
Only a roughly 16% profit if things stay at these prices.
And we both know it might be lesser as people would actively be looking to sell their tokens in a market condition like this.
By the time market is done pricing in this overwhelming supply with little demand to match, we may see downward movement
2. The Token distribution
The Tokenomics remind me of Double Zero, lol.
As most of you know, they had no community allocation and was mostly circulated within the invested VCs
We all know that turned out.
Now Monad has 3%, still terribly low + majorly allocated to Team + VCs
The only difference here is Monad is launching on a big powerhouse like @coinbase
So again like I said in the beginning, there may be a "miracle" *cough crime *cough pump
Aside that, especially in this market & community sidelining? Yeah I'm long term bearish.
So if you want to play this, my goal wouldn't be the sale, it will be on what comes after, which is shorting
What you think?
@EdgenTech Atp a coinbase first ICO talk may mean nothing
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