Haciyev Reşit 
The crypto perpetual futures platform Hyperliquid has officially listed Monad (MON) on its pre-market by launching MON-USD hyperps, allowing investors to take long or short positions on the token ahead of its official release. This move creates a major opportunity for traders looking to capitalize on price movements before the token’s launch.
MON Pre-Market and Valuation
Hyperliquid’s MON-USD hyperps currently price the MON token at $0.15, implying a fully diluted valuation (FDV) of approximately $15 billion. Users can take positions with up to 3x leverage, offering a balanced mix of higher risk and greater reward potential. Through this mechanism, investors can strategically benefit from price fluctuations before the token officially goes live on the open market.
Airdrop and User Engagement
Monad launched an airdrop campaign for its MON token, and according to data shared on X (formerly Twitter), as of October 6, the airdrop claim progress reached 80%. This high claim rate indicates strong community adoption and could positively impact liquidity after the token’s official launch. Airdrops not only reward early adopters but also help strengthen the active user base within the ecosystem.
Monad and Ecosystem Features
Monad is a Layer-1 blockchain that is fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to seamlessly migrate Ethereum-based applications. The MON token serves as the native utility token for payments and transaction fees within the ecosystem, powering various on-chain activities.
The pre-launch trading on Hyperliquid enables users to gain early exposure to the token and build strategic trading positions before its official listing.
Market Performance and Investor Interest
The MON pre-market on Hyperliquid recorded an impressive $19.3 million in trading volume within just a few hours of opening. The open interest also climbed to around $4 million, signaling strong investor interest and sustained demand for the token.
Analysts suggest that this heightened pre-launch activity could fuel volatility and price movement once the MON token officially launches, reflecting growing confidence in the Monad ecosystem and its market potential.
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