MON Rallies 17% to One-Week High as Monad TVL Hits $251M, Short Squeeze Fuels Price Spike

On January 2, 2026, MON climbed to a one-week high after a short squeeze, gaining over 17% and peaking at $0.028. According to DeFiLlama, Monad's TVL reached a record $251M with $397M in stablecoins, while Upshift says its liquidity rose over 82% to $476M.