The post Monad Offered $60M for Locked MON – Why Most Investors Passed. appeared on BitcoinEthereumNews.com.
Tl;DR Monad offered up to $60M. Only locked investor MON was eligible. Nearly all approached holders declined. Purchased MON keeps its lock-up. Investor unlocks still follow schedule. Monad put an early exit on the table The Monad Foundation has completed a capped liquidity program for certain early investors holding locked MON. The offer allowed eligible holders to sell their tokens to the Foundation before those tokens become transferable, with total purchases capped at $60 million. The price reflected a discount for the remaining duration of each holder’s four-year lock-up. In practical terms, an investor could choose between receiving cash now at a reduced price or continuing to hold MON until the original restrictions begin to expire. That can matter for early backers even when they remain positive on a project. A locked token position cannot simply be sold when an investor wants to rebalance a portfolio, return capital to limited partners, or meet another financial obligation. Monad’s offer created a private route out for investors who needed liquidity before the lock-up ends. The result suggests limited demand for that route. In its official announcement, the Foundation said: “Nearly all holders approached declined to participate.” Monad did not identify the investors involved, disclose how many were contacted, or publish the final amount of MON it purchased. It also said it has not sold, offered to sell, or sought to sell MON through an over-the-counter process. Locked MON remains locked after the purchase The most important detail is easy to miss: MON acquired through the program does not enter circulation. The purchased tokens retain the same lock-up that applied when they were held by the original investor. No token burn was announced. The supply does not shrink because of this program, and the restrictions on the acquired MON do not disappear because…