MON Airdrop Frenzy: Hyperliquid’s Big Move-Larry David Would Roast It

by

Finance

What to know:

  • Hyperliquid, the decentralized perpetuals exchange, just announced it listed MON-USD hyperps, so you can go long or short in a pre-market phase. Excitement? Fine. But it’s not exactly a rollercoaster, is it? 😅
  • MON-USD is trading around $0.13, and Monad’s fully diluted valuation hits about $13 billion, with 100 billion MON tokens planned for an airdrop. Yes, an airdrop-the thing that makes wallets nervous and emojis fly. 🤔💸

Hyperliquid’s move feels like the usual parade: a squeaky-clean listing, a little hype, and a lot of people arguing whether this actually means anything in practice.

MON is the native token of Monad, a Layer 1 blockchain designed to be fully compatible with the Ethereum Virtual Machine, so developers can migrate from Ethereum without drama. It’s the kind of feature that sounds practical until you realize everyone just wants the free coin. 🪙

Both Hyperliquid’s announcement and Monad’s posts suggest an airdrop is on the horizon, with their “airdrop claim loading” feature at 98% on Oct. 8, according to Monad’s X updates. Countdown clocks: the financial version of a suspense movie. ⏳😂

Based on MON-USD hyperp trading around $0.13, Monad’s FDV sits near $13 billion, with 100 billion MON tokens slated for the airdrop. It’s a lot of numbers-my head hurts-and yet people still care. 🙃

The MON market has already seen activity, with about $28 million in trading volume over the past 24 hours on the decentralized exchange. If you’re into watching numbers dance, this is your show. 💃🕺

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2025-10-08 23:07