PANews reported on November 23 that Coinbase announced on its X platform that its first token sale, MON, has been completed. 858,000 participants from over 70 countries joined the sale, resulting in an oversubscription of 1.43 times. The allocation plan will be announced soon, with an expected average allocation of $2,188, a median of $261, and a maximum of $57,157. According to previous disclosures by Coinbase, its token sale will not use a first-come, first-served model but will utilize an algorithm for fair allocation.