Will MON Still Rise After the Airdrop Hype Fades?

The launch of the Monad mainnet and its native token MON triggered one of the biggest airdrop events of 2025. Within hours, MON surged by more than 62%, supported by massive liquidity inflows and the launch of over 100 applications across the Monad ecosystem.

However, as the airdrop frenzy settles, investors are asking the key question: Will MON still rise after the hype ends?

This analysis explores MON’s early performance, ecosystem metrics, liquidity distribution, whale behavior, and overall MON price analysis to determine what may come next.

Monad’s Explosive Debut and Early Ecosystem Growth

Monad launched as an EVM-compatible Layer-1 chain, entering a competitive environment already filled with high-performance networks. Yet its debut was met with strong interest, especially from DeFi and NFT communities anticipating the airdrop for months.

Within the first few hours after launch:

• More than 100 applications went live on the mainnet.

• The network attracted $115M in liquidity, with Uniswap emerging as the dominant DEX.

• Over $123M in stablecoins flowed into Monad as early users tested the new chain.

Despite concerns about whether the market needs another EVM chain, Monad is demonstrating early activity and developer interest—two important indicators for long-term sustainability.

READ ALSO: Bitrue MON Rewards and Monad Trading Guide

MON Price Analysis: 62% Surge and Unique Trading Profile

Source: Coingecko

MON entered the market with multichain support, trading across DEX environments and select centralized venues. The token opened at around $0.04 and quickly surged over 62% during its early price discovery phase.

Key early-stage metrics include:

• 10.8B MON in circulation out of a 100B total supply

• Nearly 90% of tokens reserved for future unlocks

• Over $1.2B in trading volume during the first few hours

• 62% of all trading volume paired with the Korean Won (KRW)

This heavy concentration of KRW trading indicates strong interest from the Korean market, shaping MON’s early price activity and liquidity patterns.

Liquidity, Stability, and Post-Airdrop Risks

Although many MON holders currently sit on unrealized gains, sentiment remains mixed. On Hyperliquid:

• Only 2 out of 11 whales are holding long positions

• The majority of large traders are shorting MON

• Funding rates for MON long positions are negative, signaling downward pressure

This shows the market expects potential weakness once the initial hype tapers. Even though Monad has shown fast network adoption, early-stage token dynamics often include high volatility and sharp retracements, especially when a significant portion of supply remains locked.

MON’s Multichain Expansion and Solana Trading Activity

MON also launched a version on Solana, where early decentralized trading took place alongside the mainnet asset. While the MON/USDC pool had limited liquidity, Solana still accounted for around 60% of the trading volume compared to the main Uniswap pair.

However, early Solana users experienced transaction issues, and even whales were cashing out modest amounts. This highlights the challenges of launching a token across multiple chains during high-traffic events like major airdrops.

Overall, despite its multichain presence, MON is still in the price discovery stage, and its long-term valuation remains tied to Monad’s ability to attract developers, users, and sustained liquidity.

READ ALSO: Monad Crypto Price Prediction December 2025

Conclusion

So, will MON still go up after the airdrop hype is over?
The short answer: It depends on ecosystem expansion and liquidity sustainability.

MON’s impressive 62% surge and Monad’s rapid onboarding of 100+ apps show strong early adoption. However, bearish whale positioning, negative funding rates, and post-airdrop selling pressure introduce significant risks in the short term.

If Monad continues building liquidity, attracting developers, and supporting real user activity, MON could regain momentum. But for now, investors should expect volatility and approach the token with caution.

For more in-depth crypto market updates and predictions, check out the latest posts on the Bitrue blog — or explore trading directly on Bitrue’s platform.

FAQ

What is MON?

MON is the native token of the Monad Layer-1 blockchain.

Why did MON surge on launch?

High demand, strong liquidity inflows, and a highly anticipated airdrop boosted early trading.

Is MON still in price discovery?

Yes, MON is still developing its long-term value based on market activity and ecosystem growth.

Is MON risky after the airdrop?

Yes, bearish whale positions and negative funding rates indicate short-term risk.

Will MON rise again?

It may rise if Monad continues attracting liquidity and active applications, but volatility remains high.