Monad $60M Exit Claim Unverified Amid Clear Vesting Terms

Crypto Daily investigated claims of a $60 million cash exit for early investors in Monad (MON), but found no evidence to support this assertion.

The review examined public records, including those from Coinbase and Monad's announcement archive, as well as contemporaneous launch reporting. Despite the claims, no official document or disclosure was found that would indicate a company-initiated tender or buyback totaling $60 million for early investors.

Monad's vesting terms are clear: 19.7 billion MON tokens were allocated to investors under a four-year lockup with a one-year cliff and equal monthly unlocks afterward. This means that any cash exit for investors holding locked tokens would operate separately from the scheduled token releases, requiring a documented tender or repurchase arrangement.

Launch coverage from The Block focused on demand for the Coinbase sale, but did not describe a company-run cash exit for early investors.