Monad Offered Early Backers Up to $60 Million to Sell, and Almost None Took It

The buyback offer came three months before investor unlocks begin, with the MON token trading below its public sale price and most of the supply still out of circulation.

Monad, the high-throughput layer-1 network positioned as an Ethereum competitor, offered early investors up to $60 million to sell their positions and almost all of them declined. The program ran three months before scheduled investor unloc…