@0xwangdefa

The Monad TGE reveals several things: 1/ Even a globally recognized high-performance chain couldn’t get listed on the biggest exchange. People speculate about listing fees, but the real shock is how little alpha or allocation early supporters received. Monad’s refusal to compromise — idealism or miscalculation? The market will decide. 2/ After two months of hype — Monad Cards, airdrop rituals, and a Coinbase Launchpad debut — expectations were sky-high. But the token launched into one of the weakest market windows. Once again: timing matters far more than marketing. 3/ At ~$0.03, MON is far below Polymarket’s $8B expectation, and barely equal to the Paradigm-led $225M round valuation. In past cycles we’d call this “undervalued,” but today even top-tier teams and top-tier VCs delivering this result forces the industry to question itself. Monad’s TGE isn’t just about a single project —it’s a mirror for the entire crypto industry.

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