PANews reported on November 18 that, according to The Block, Monad's public token sale through Coinbase started off very well, raising $43 million in just 23 minutes. However, the hype quickly died down, with only about 48% sold as of press time, leaving over $100 million still available for subscription.

The sale aims to raise $187 million USDC and will be offered on a fixed-time basis rather than on a first-come, first-served basis. Market concerns have raised questions about its high valuation (FDV of $2.5 billion) and the allocation of 50% of tokens to the team and venture capitalists, leading to a wait-and-see attitude among retail investors. The sale will continue until this Saturday.