A November unlock bigger than all MON trading today.
MON runs Monad, a fast Ethereum-style chain: 11.83B coins circulate, only 11.7% of all MON. Every block mints new coins, and part of every fee is burned.
Sell pressure. New MON reaches the market three ways: 182.3M from staking rewards and 248.2M from Foundation payouts in 90 days, then a 15.62B team and investor unlock on Nov 24 2026.
Buy pressure. The fee burn destroyed 36.5M MON. Nothing buys MON back yet.
Net. Net, supply grew about 3.33% in 90 days and could jump about 143% next.
Every block mints new MON for stakers: 25 MON a block until the Jul 23 2026 upgrade, 18 MON a block since, while blocks got faster. That made 463.2M new MON in these 90 days. About 61% of it goes to the Monad Foundation's own delegated stake and stays in its reserve, so about 182.3M MON reached other holders. The next 90 days should look the same.
Nothing unlocked in these 90 days: team and investor MON has been locked since the Nov 24 2025 launch. On Nov 24 2026 the first year ends and about 15.62B MON unlocks at once (10.70B team, 4.92B investors), more than all the MON trading today. Then about 862.5M more on Dec 24 2026 and every month after, until late 2029. Next 90 days: about 16.48B MON.
The Monad Foundation pays grants and incentives from its Ecosystem reserve through a few payout wallets. They sent out 248.2M MON more than they took in during these 90 days, spread across the whole window, so we expect about the same next. The Foundation still holds about 17.14B MON in its main wallet, 10.91B staked with validators plus about 2.67B liquid in its 20 staking wallets, with no public schedule. The Category Labs treasury (3.95B, locked) unlocks into the company's hands from Nov 24 2026.
No bankruptcy estate or court-held MON exists. The locked team and investor MON is counted under vesting unlocks above.
The protocol has no buyback. Fees are either burned or paid to validators; the burned part is counted below.
The base part of every fee is destroyed, and Monad charges on the gas limit a user sets, not the gas used. Over these 90 days that burned about 36.5M MON, rising as the chain got busier (14.0M in the last 30 days). That is only about 8% of the new MON minted.
Category Labs, the company that builds Monad, may buy up to $80M of MON in the market until Dec 31 2026, but no purchase or wallet has been disclosed. In August 2026 the Foundation offered to buy locked MON from early investors; nearly all said no, and anything bought stays locked, so no MON left the market.
About 15.44B MON is staked, most of it the Foundation's. Staked MON can be withdrawn and still counts as circulating, so staking takes nothing out of the market. Locked team and investor MON cannot be staked.
Two sides: how much people want MON right now, and how much buying could come later.
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:
On Oct 24 2026 Pump.fun said Monad is live in its app. Users can buy any Monad token straight from their USDC balance, with no manual bridging and no wallet switching. People ask if this brings new traders and new tokens to Monad.
Checked Oct 28 2026
Monad (MON) is inflationary right now: its supply changes +142.72% over the next 90 days and +218.54% over the next year (checked Oct 19 2026). More MON is added than removed.
About +218.54% a year: that is how much Monad (MON) supply changes over the next 12 months, with +142.72% in the next 90 days (checked Oct 19 2026). That puts MON #1 of 101 coins we track for new supply (#1 = the most new supply).
The next Monad (MON) unlock we track is on Nov 24 2026: about 15.6B MON, 132.09% of the MON in circulation (First-year unlock: team + investors). Checked Oct 19 2026.
Yes. In our count, about 36.5M MON is expected to leave the market over the next 90 days through burns, buybacks or locks (checked Oct 19 2026). How it works: The base-fee burn destroyed 36.5M MON in 90 days; no buyback has been carried out.
In our count, about 16.9B new MON reaches the market over the next 90 days (checked Oct 19 2026). How it works: 182.3M MON of staking rewards and 248.2M of Foundation payouts in 90 days; 15.62B team and investor MON unlock on Nov 24 2026, then about 862.5M a month.
About 11.8B MON is in circulation (checked Oct 19 2026). Over the next 90 days that changes +142.72%, and over a year +218.54%.
Over the next 90 days (checked Oct 19 2026): MON +142.72%, LUNC −0.17%, JASMY 0.00%, FLOKI −0.05%. MON has the most new supply of these 4 coins.
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: supply and demand. Fewer new coins mean less selling pressure. We also show each coin's age, with a warning when it is younger than 1 year. Demand shows how much people want the coin. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss. MON supply grows +142.72% 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.
Related supply research: LUNC −0.17% · JASMY 0.00% · FLOKI −0.05% · All crypto inflation rates (110 coins) → · Full MON supply report → · Embed this coin
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