Monad, the high-performance Layer-1 blockchain with EVM compatibility, has officially announced through an X post that its eagerly awaited token airdrop will commence next week. The airdrop claims portal is scheduled to open on October 14, though specific allocation details for the distribution remain undisclosed by the Monad development team.
This significant airdrop event represents a major milestone in the launch of Monad's native token MON. While the community awaits concrete distribution parameters, the project continues to gain market traction as decentralized perpetuals exchange Hyperliquid listed MON-USD hyperps earlier this week, allowing traders to establish long or short positions on the token prior to its public distribution.
Current trading data from Hyperliquid indicates MON-USD hyperps trading near $0.12, projecting Monad's fully diluted valuation (FDV) at approximately $12 billion. The airdrop is expected to distribute 100 billion MON tokens to eligible participants, marking one of the most substantial token distribution events in recent blockchain history.