MONAD Price Jumps 40% As Holders 3x In 24 Hours

Monad has captured the market’s attention with a sharp surge in demand following the launch of its mainnet and the accompanying airdrop. 

The hype around the new Layer 1 network has pushed MONAD’s price significantly higher, fueled by FOMO-driven interest and also by transactions.

Monad Seems To Have Clicked With Investors

The anticipation surrounding Monad’s debut has sparked a dramatic rise in its holder count. In the past 24 hours alone, MONAD holders jumped from 2,400 to 9,200 — a staggering 283% increase. 

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This tripling of holders highlights both heightened interest and growing confidence in the network’s potential. This expansion in the user base is likely to continue as demand for MONAD strengthens.

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Monad Holder Count. Source: HolderScan

Network activity has mirrored the sharp increase in holders. Monad’s blockchain has recorded more than 2 million transactions per day on average since launch. Over the past 48 hours, cumulative transactions have reached 4.2 million, signaling intense engagement within the ecosystem. 

Such high throughput indicates that the network is experiencing genuine activity rather than artificial transaction pumping. Instead of overheating, the chain appears to be scaling well as adoption climbs. 

Monad Transaction Activity. Source: Nansen

MONAD Price To Likely Continue Rising

MONAD is trading at $0.042, comfortably above its $0.040 support level after surging 40% in the last 24 hours. The token has emerged as one of the strongest performers this week, riding a wave of momentum driven by user growth and rising utility.

If the current demand and network expansion continue, MONAD could climb toward $0.046 and break above the $0.050 threshold. Such a move would likely attract even more investor interest and strengthen the token’s short-term outlook.

Monad Price Analysis. Source: CoinMarketCap

However, if holders begin taking profits, MONAD may lose critical support. A breakdown below $0.040 could send the price toward $0.035. This would invalidate the bullish thesis and signal a potential cooldown after the rapid surge.

Source: https://beincrypto.com/monad-price-jumps-on-the-back-of-transactions/