Monad Token Sale on Coinbase Reaches 64% Subscription as Demand Slows

Monad's public token sale on Coinbase slowed to approximately 64% subscription by Tuesday evening, down from 48% the previous day. The offering seeks to raise around $187 million in USDC through 7.5 billion MON tokens by Saturday. Daily demand has declined sharply after the sale generated approximately $43 million in its first 30 minutes on Monday.