Hyperliquid News Today: Excitement Over Monad's Airdrop Faces Doubt as 50% of Tokens Disappear

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Hyperliquid News Today: Excitement Over Monad's Airdrop Faces Doubt as 50% of Tokens Disappear

Bitget-RWA2025/11/27 06:30

By:Bitget-RWA

- 52.4% of Monad airdrop addresses have already emptied or transferred tokens, signaling heightened pre-launch activity. - The $13B FDV airdrop of 100B MON tokens has driven $28M+ trading volume on Hyperliquid, despite muted price action. - Critics highlight risks to decentralization as the Monad team retains 27% token allocation, raising governance concerns. - Airdrop claims open Oct. 14 with undisclosed eligibility criteria, leaving community in uncertainty despite 98% "loading" progress. - Market watche

More than half—52.4%—of wallets eligible for the much-anticipated Monad airdrop have already withdrawn or moved their token allocations, reflecting increased activity in advance of the blockchain’s token debut. The airdrop, which has generated considerable buzz in the crypto community, will distribute 100 billion MON tokens, with a projected fully diluted valuation (FDV) near $13 billion,

according to the latest trading figures

from decentralized exchanges.

Earlier this month, Hyperliquid—a top decentralized perpetuals platform—introduced MON-USD hyperps, allowing users to trade on the token’s price before the airdrop. In the past 24 hours, trading volume has surpassed $28 million, with MON hovering around $0.13, though its initial trading session was subdued,

staying close to $0.02417 with $50 million in trades

. Some have voiced concerns over the token’s allocation, pointing out that the Monad team controls 27% of the supply, which critics say could cast doubt on the project’s decentralization

as highlighted in a recent report

The portal for claiming airdropped tokens is scheduled to go live on Oct. 14, but

specifics about who qualifies

have not yet been made public. This opacity has left the community waiting for more information, with many turning to social media for updates. Meanwhile, as of Oct. 8, the “airdrop claim loading” indicator hit 98%,

intensifying speculation

that the airdrop will happen soon.

The wider market shows mixed signals. Although the

memecoin

segment has plummeted in 2025, falling to a $39.4 billion market cap—a 66.2% drop from its January high—Monad’s

Layer

1 blockchain has carved out a reputation as a fast, EVM-compatible network,

based on industry analysis

, drawing interest from both developers and traders.

How the token performs will serve as a key indicator of investor sentiment toward layer-1 projects in a turbulent crypto market.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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