Monad Token Sale on Coinbase Reaches $188M Subscription Target

The public sale of Monad (MON) tokens on Coinbase reached its $188 million subscription target, the official website showed on November 22. The offering sells 7.5% of total MON supply at $0.025 USDC per token, implying a fully diluted valuation of $2.5 billion. The sale closes on November 23 at 10:00 AM.