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MONAD Price Jumps 40% On The Back Of 2 Million Daily Transactions
Yahoo Finance· 2025-11-26 09:57
Core Insights - Monad has gained significant attention in the market due to a surge in demand following its mainnet launch and airdrop, leading to a notable increase in its price driven by FOMO and transaction activity [1][6] Group 1: Holder Growth - The number of MONAD holders has dramatically increased from 2,400 to 9,200 in just 24 hours, representing a 283% rise, indicating heightened interest and confidence in the network [2] - This rapid expansion in the user base is expected to continue as demand for MONAD strengthens [2] Group 2: Network Activity - Monad's blockchain has recorded an average of over 2 million transactions per day since its launch, with cumulative transactions reaching 4.2 million in the past 48 hours, reflecting strong engagement within the ecosystem [4] - The high transaction throughput suggests genuine network activity rather than artificial inflation, indicating that the chain is scaling effectively as adoption increases [5] Group 3: Price Performance - MONAD is currently trading at $0.042, having surged 40% in the last 24 hours, and is above its support level of $0.040, making it one of the strongest performers of the week [6] - If the current demand and network expansion persist, MONAD could potentially rise towards $0.046 and break the $0.050 threshold, attracting further investor interest [7]