Hyperliquid News Today: Excitement Over Monad's Airdrop Faces Doubt as 50% of Tokens Disappear
- 52.4% of Monad airdrop addresses have already emptied or transferred tokens, signaling heightened pre-launch activity. - The $13B FDV airdrop of 100B MON tokens has driven $28M+ trading volume on Hyperliquid, despite muted price action. - Critics highlight risks to decentralization as the Monad team retains 27% token allocation, raising governance concerns. - Airdrop claims open Oct. 14 with undisclosed eligibility criteria, leaving community in uncertainty despite 98% "loading" progress. - Market watche
More than half—52.4%—of wallets eligible for the much-anticipated Monad airdrop have already withdrawn or moved their token allocations, reflecting increased activity in advance of the blockchain’s token debut. The airdrop, which has generated considerable buzz in the crypto community, will distribute 100 billion MON tokens, with a projected fully diluted valuation (FDV) near $13 billion,
Earlier this month, Hyperliquid—a top decentralized perpetuals platform—introduced MON-USD hyperps, allowing users to trade on the token’s price before the airdrop. In the past 24 hours, trading volume has surpassed $28 million, with MON hovering around $0.13, though its initial trading session was subdued,
The portal for claiming airdropped tokens is scheduled to go live on Oct. 14, but
The wider market shows mixed signals. Although the
How the token performs will serve as a key indicator of investor sentiment toward layer-1 projects in a turbulent crypto market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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