Team and investor coins unlock on Nov 24 2026.
MON powers Monad, a fast Layer 1: 11.83B coins circulate, only 11.7% of all MON.
Sell pressure. Staking rewards sent 180.1M MON to holders and the Foundation paid out 242.8M in 90 days. On Nov 24 2026 the team and investor lock ends: 16.48B MON by Dec 24.
Buy pressure. The fee burn destroyed only 36.25M MON, and no buyback has started.
Net. Net, supply grew 3.27% in 90 days and is set to jump about 143% next.
Every block mints new MON for the stakers of the validator that made it: 25 MON a block until Jul 23 2026, then 18 MON when blocks sped up from 0.4 to 0.3 seconds. That made 465.4M new MON in 90 days. The Monad Foundation's own delegated stake (10.91B MON) earned about 285.3M of it, and those coins stay in its pool. The other 180.1M reached ordinary stakers and validators. At today's pace about 182.8M more follows in the next 90 days.
Nothing unlocked in these 90 days: every team, investor and Category Labs coin has been locked since launch on Nov 24 2025. That ends on Nov 24 2026, when about 10.7B team coins and 4.92B investor coins (a quarter of 19.68B) are released. On Dec 24 2026 the monthly releases start: 410.07M for investors and about 452.48M for the team. That is 16.48B MON in the next 90 days, more than the 11.83B that trade today.
The Monad Foundation pays out of its Ecosystem Development pool (38.23B MON on Mar 31 2026, unlocked but not trading). Its main wallet (17.14B) refilled its payout wallets with 250M on Jul 17 2026, and those wallets sent 242.8M net to outside wallets in these 90 days, in batches every week or two. We expect about the same next. Its 20 staking wallets (10.91B staked, 2.64B liquid) sent nothing out. Category Labs' treasury (3.95B) stays locked until Nov 24 2026, then opens into the company's own hands.
No estate, trustee or court payout holds MON, and no long lock sits outside the team, investor and Category Labs schedules already counted in rows 2 and 3.
Category Labs, the company that builds Monad, may buy up to $80M of MON on the open market by Dec 31 2026, but it has not said it bought any, nor named a wallet. Until a purchase shows up, nothing is booked here.
The base fee of every transaction is destroyed, and Monad charges it on the gas a transaction reserves, not just the gas it uses. Read across the window it came to about 36.25M MON, roughly 403,000 a day; the last 30 days alone burned 14.95M as the chain got busier. Priority tips go to validators and are not burned.
In August 2026 the Foundation offered up to $60M to buy locked coins from early investors; nearly all said no. Any coins it did buy stay locked on the same schedule, so they were never in the market and buying them takes nothing out.
About 15.47B MON is staked, but staked coins can be withdrawn and still count as circulating, so staking takes nothing out of the float. Locked team and investor coins cannot be staked at all.
Two sides: how much people want MON right now, and how much buying could come later.
This part is based on social media. It shows how hot MON is right now. A better rank means more people are talking about it.
Today, people are talking about MON for one reason:
MON rose about 14% over the weekend to near $0.0279 on Oct 11 2026, then fell back to about $0.0243 on Oct 13. It is now about 15% lower than a week ago. People ask why some traders call it an easy coin to bet against, and whether new supply keeps pushing the price down.
Checked Oct 14 2026
Based on the law of supply and demand, the long-run signal for Monad is mixed. As of Oct 15 2026, score 4/10, Monad faces +142.68% new supply over 90 days, with demand strong (4/5). Monad's price drivers: 2 ▲ price up, 0 ▼ price down.
Supply, most likely. Only 11.8B of 100.7B MON are out so far, and +142.68% new supply arrives in 90 days, more than strong demand (4/5) can easily soak up. One good sign stays: DeFi money on Monad nearly tripled since Aave arrived. That leaves Monad's long-run signal at mixed, by supply and demand.
Solana looks stronger today, 6/10 vs Monad's 4/10 (Oct 10 2026). Demand is strong for both (4/5), so supply makes the gap: Monad adds +142.68% new supply in 90 days, Solana only +1.27%. Monad is also tiny next to Solana, $0.29B vs $72B. By supply and demand, Monad's long-run signal is mixed today.
It would take 41 times today's value: $1 × Monad's coins in the market = about $11.8B, against $292M now (Oct 15 2026). Monad's supply also grows +218.21% in the next year, so every extra coin needs buyers too. Our supply-and-demand read for Monad stays mixed.
Today the signal is mixed. Supply and demand would point the other way for Monad if new supply keeps arriving (+142.68% in 90 days), or demand falls from strong.
On our framework Monad scores 4/10 (Oct 15 2026), with supply 0/5 (extreme) and demand 4/5. In the next year Monad's supply changes +218.21%, so the long-run signal reads mixed.
The law of supply and demand points to one window for Monad: low new supply, high demand, drivers pointing up. Where Monad stands today: +142.68% new supply in 90 days (extreme), demand strong (4/5), drivers 2 ▲ / 0 ▼.
Monad has 2 price drivers today (2 ▲ price up, 0 ▼ price down). ▲ Money on Monad: DeFi money on Monad nearly tripled since Aave arrived. ▲ Foundation pile: Foundation steers most unlocked MON and says it sold none.
Monad reads mixed at 4/10; Bitcoin reads positive at 8.5/10 (Oct 15 2026). On supply and demand, Monad looks weaker than Bitcoin today.
Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →
We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. MON supply grows +142.68% in the next 90 days, so it shows in red: more MON reaches the market than is removed. Zero or falling supply is always green, any growth is red.
One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.
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