Monad recently concluded its token sale on Coinbase, reporting an impressive oversubscription with over 85,000 participants. The event raised a total of $269 million, exceeding its initial target of $187 million.

The project’s team noted a drop in demand just days before the sale ended, which raised concerns in the community. Keone Hon, the co-founder of Monad, emphasized that the significant statistic wasn’t just the amount raised but the number of participants, indicating a healthy level of interest in the token.

“The MON token sale has concluded … But the most important statistic to me is 85,000 participants.”
— Keone Hon 🎟️ (@keoneHD) November 23, 2025

Monad describes itself as an Ethereum-compatible Layer 1 chain that prioritizes low fees and scalable decentralization, allowing user-friendly participation. Despite initial concerns, the oversubscription suggests robust community support, hinting at a promising future for the network.

The project’s successful fundraising and participant engagement highlight both the resilience of the crypto market and the ongoing interest in innovative blockchain solutions.