I saw MON dropping about 3% in the last few hours, testing that support again at $0.03. According to CoinMarketCap data, the token is fluctuating quite a bit – yesterday it hit $0.025 but the crowd started taking profits. Volume dropped 30%, which is typical when the market cools down a bit.

What caught my attention is that Monad is growing as a project. TVL above $250 million, market cap of $336 million, and now this private credit thing of $100 million verifiable on-chain. This is quite different from other L1s that have been struggling lately. Like, while ZetaChain and Berachain are down, MON is gaining traction with these institutional partnerships.

In the short term, if it can hold at $0.020, we might see a breakout to $0.030. If sentiment improves, the $0.05 history is on the radar. But if it turns negative, it could drop back to $0.016. It’s heavily dependent on Bitcoin and the macro environment. I’ll keep an eye on CoinMarketCap to see how it behaves.