Monad price has retraced after a strong rally, with a recent public dispute over its valuation weakening sentiment.
Summary
- Monad has dropped toward the $0.024 support area after a sharp sell-off.
- A public dispute between Arthur Hayes and Monad’s CEO over FDV and token structure shifted sentiment during the token’s first trading week.
- The market is trying to stabilize after an early rally to $0.048, with $0.024 acting as a key support after launch.
Monad is trading around $0.0242, down roughly 19% in the past day as traders react to a sharp cooldown and the ongoing argument over the project’s fully diluted valuation. The token has now pulled back more than 50% from its launch-week high near $0.048, sitting close to the lower end of its seven-day range at $0.02417.
Spot volume is up roughly 35% to $525 million, showing that traders are still active even as prices slide. On the other hand, derivatives activity has thinned out.
Futures volume is up about 20% to $26.5 million, but open interest has dropped 13% to $3.1 million. This usually happens when traders close positions during a cooldown instead of holding them through volatility.
Hayes and Monad’s CEO clash over FDV
A public disagreement between Arthur Hayes and Monad’s chief executive officer added fresh pressure to the market last week. Hayes argued that the project’s fully diluted valuation was too high for a new network and described MON’s structure as leaning heavily toward early backers.
Monad’s CEO disagreed, saying the team’s funding, codebase, and long-term roadmap justified the valuation.
Their exchange spread quickly on X, and some early buyers used the moment to reduce risk. It didn’t cause an immediate breakdown, but it did shift the mood during an important phase of the token’s trading cycle.
Monad entered the market with strong momentum. The price climbed from its initial listing zone into the $0.04–$0.05 area as launch-week demand picked up.
Trading activity was high across exchanges, and liquidity expanded quickly, which helped set the first major top near $0.048. The tone appears to have changed, with the FDV debate now gaining traction.
Monad price technical analysis
Monad has been sliding steadily since getting rejected around $0.048. Price has been glued to the lower Bollinger Band, showing the market is moving in one clear direction instead of bouncing sideways.
The relative strength index has been stuck in the low-30s to mid-40s, so sellers still have room to push without hitting true oversold levels.
Monad 1-hour chart. Credit: TradingViewVolume backs the downtrend. The biggest spikes show up on red candles, especially when minor supports break, while green volume has been weak and mostly reactive. That imbalance explains why every attempt to hold $0.03 has failed. An average directional Index above 50 also confirms the trend is strong.
The $0.024 level is now a key support and major reference point from the early trading range. Holding it doesn’t promise a reversal, but it would at least stabilize price and open a path back toward $0.027–$0.030.
But if $0.024 breaks, the downtrend likely continues, and price may revisit the thin liquidity zones from launch day.
Source: https://crypto.news/monad-price-slides-fdv-debate-sentiment-2025/
