Monad Token Public Sale Raises Over $90M on Coinbase Within Six Hours

The Monad (MON) token public sale on Coinbase raised $90.05 million within six hours of launch, representing approximately 48% of the total offering, The Block reports. The sale, which began at 22:00 Beijing time on November 17, attracted nearly half of its subscription amount within the first 30 minutes, Coinbase Product Director Scott Shapiro said. The offering plans to raise approximately $187 million in total, with individual bid limits ranging from $100 minimum to $100,000 maximum.