Traders price Monad at around $15 billion FDV on Hyperliquid’s MON pre-launch market
Quick Take Hyperliquid has listed MON-USD hyperps, allowing traders to long or short the token in a pre-launch market phase. Monad has teased an airdrop for MON, and updated its “airdrop claim loading” progress bar to 80% on Oct. 6, according to its post on X. Hyperliquid’s MON-USD trades at about $0.15 at a $15 billion fully diluted valuation for Monad.
Hyperliquid, which operates a crypto perpetual futures trading platform, has listed MON-USD hyperps, allowing traders to long or short the token in a pre-market phase.
On Wednesday, Hyperliquid announced that users can now long or short MON-USD hyperps for the upcoming MON token with up to 3x leverage. Hyperps, or Hyperliquid-only perps, function like perpetual contracts but do not require an underlying spot or index oracle price, according to its website .
MON is the native token for Monad, a Layer 1 blockchain that rolled out its testnet earlier this year. Monad is designed to be fully compatible with the Ethereum Virtual Machine, making it easier for developers to transition their applications.
Monad has teased an airdrop for MON and updated its "airdrop claim loading" progress bar to 80% on October 6, up from 51% on October 2, according to its post on X.
Based on mark prices in the MON-USD hyperp of nearly $0.15, MON's fully diluted valuation stands at roughly $15 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Updates: Institutional ETF Investments Indicate Ethereum's Rise to $3,200
- Ethereum (ETH) eyes $3,200 rebound as stablecoin yields decline and market dynamics shift, supported by Santiment’s analysis of 3.9-4.5% lending rates indicating non-overheated conditions. - ETH ETF inflows reversed after three weeks, with BlackRock’s ETHA fund driving $88.22M entry amid post-October price dips and regulatory clarity improvements. - Technical indicators like the ETH-BTC "bullish ribbon flip" and Crypto Fear & Greed Index moving from "extreme fear" to "fear" signal cautious optimism and r
Securitize Gains EU License, Connecting Blockchain Finance Between the U.S. and Europe
- Securitize secures EU regulatory approval to operate blockchain-based trading/settlement systems, becoming the first firm licensed in both EU and US for digital securities infrastructure. - The Avalanche-powered platform enables sub-second settlements across 27 EU states, supporting tokenized equities, debt, and funds while bridging U.S.-EU capital markets. - This milestone validates blockchain's role in institutional finance, with AVAX surging past $15 as Avalanche's institutional-grade infrastructure g
Ethereum News Update: Institutional Investors Acquire 3% of Ethereum’s Total Supply While Valuation Models Indicate a 57% Undervaluation
- Ethereum price holds above $2,900 amid $96.67M net inflows into U.S. spot ETFs, led by BlackRock’s $92.6M contribution ending an eight-day outflow streak. - Institutional buyers like BitMine added 69,822 ETH ($200M), now holding 3% of total supply, while adopting "dip-buying" strategies aligned with Tom Lee’s "supercycle" thesis. - Valuation models estimate Ethereum’s fair value at $4,747 (56.9% undervalued), with DCF and Metcalfe’s Law models suggesting 200-217% undervaluation despite mixed P/E signals.
Hyperliquid News Today: Hyperliquid's HYPE Token Unlock: Will Clearer Governance Mitigate the Threat of Selling Pressure?
- Hyperliquid's 2025 HYPE token unlock (2.66% supply) sparks market stability concerns amid 23% monthly price drop. - Community tensions rise over unlock transparency, with experts warning verbal assurances cannot counter sell-pressure risks. - Weak technical indicators (34 RSI, $35.50 support level) highlight fragility despite $259B monthly trading volume. - Institutional partnerships (BlackRock, Stripe) bolster credibility but governance controversies persist over decentralization. - Future trajectory de
Trending news
MoreCrypto prices
More
