Interpretation of Monad's TGE

Author: Haotian; Source: X, @tmel0211

What can be interpreted from the Monad TGE matter:

1. A globally renowned high-performance public chain has not been listed by the largest exchange in the universe. Everyone speculates that it is due to unresolved listing fee negotiations, but the fact that alpha and Holder are not given chips for some reason makes people feel happy after hearing it;

It turns out that so many xxx initial offerings are the result of the so-called top-tier project chip allocation games. As for Monad's choice not to compromise, is it nobility or a misstep? The market will ultimately provide the answer.

2. After two months of building momentum, from the Monad Card to the highly ceremonial airdrop box opening, and then to the launch of Coinbase's launchpad, it almost raised the market's expectations to the ceiling. So what happened? Just happened to coincide with a listing window where the market was severely weakened.

This matter once again confirms a cruel truth: the liquidity time window of TGE is a thousand times more important than any carefully designed marketing strategy. However, when you think about it deeply, we actually need TGE projects that do not care about the time window and can rely on their own strength to drive the market bullish, right?

3. The current price of around $MON 0.03 is well below Polymarket's 8B expectation, and is even only on par with the valuation of the 225M round led by Paradigm.

In the previous cycle, everyone could confidently say that they were underestimated, but this time, while they shout “another catastrophic project” with their mouths, they are actually scared inside. If top-tier VC and teams deliver such results, how can the Crypto industry find its place?

Monad's TGE is less a destiny of a project and more a mirror reflecting the entire industry.