@maxionbase.base.eth
The first sale on Coinbase $MON hasn’t performed well.What do you think Monad did wrong?
Here are my thoughts:
1. They launched in poor market conditions where sentiment for altcoins is at all time low even lower than after the FTX crash.
2. They priced the sale at a $2.5B FDV which leaves little room for upside.
3. The market probably doesn’t need more new chains right now.
I will also cover how we can identify various opportunities on Monad using Farcaster in next post.
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