The number of holders of Monad increased by 283% within 24 hours, and the price of MON experienced a big pump of 40%, firmly maintaining at 0.04 USD.

After the launch of the Monad Mainnet and Airdrop event, market demand surged, quickly attracting a lot of follow. Driven by FOMO emotions and volume, the popularity of this new Layer 1 network has clearly pumped the MON price.

Monad's debut has brought about an explosive growth in the number of holders. In the past 24 hours, the number of MON holders surged from 2,400 to 9,200, an increase of 283%. The tripling of holders demonstrates investors' strong interest and confidence in the network's potential. With the continued rise in MON demand, the momentum of user base expansion is expected to persist.

The network activity is also impressive. Since its launch, the Monad blockchain has recorded an average of over 2 million transactions per day, with a cumulative trading volume of 4.2 million transactions in the past 48 hours, indicating a very high level of ecosystem activity. This high throughput shows that the trading activity is genuine and not artificially manipulated, and the network expansion is robust.

The current trading price of MON is $0.042, after rising 40% in the past 24 hours, firmly above the support level of $0.040. Its user growth and increased utility have driven the price up, making it one of the strongest performing tokens this week. If current demand and network expansion continue, the price of MON is expected to climb to $0.046 and challenge the $0.050 mark, attracting more investors' attention and strengthening the short-term outlook.

However, if holders start to take profits, MON may lose critical support. A drop below $0.040 could lead the price to test $0.035, breaking the bullish trend and indicating that a cooldown may occur after a rapid pump. (BeinCrypto)