Monochrome Exchange, founded by Jeff Yew, has successfully raised more than 5.5 million USDT through its initial exchange offering (IEO) of the MCR token as of September 27. This fundraising effort is aimed at supporting the exchange's development and operations. The IEO milestone highlights investor interest and confidence in the new token and the exchange platform. Moving forward, the funds raised will likely be used to enhance the exchange's services and expand its market presence.
Monochrome Exchange's MCR token IEO raised over 5.5 million USDT as of September 27, 2026. For readers following the broader cryptocurrency market, here is Pluang's snapshot as of Sep 27, 2026 20:02 WIB: out of 50 major cryptocurrencies, 27 rose and 22 fell today. Notable movers include EOS at Rp12.649 (+8.13%), Filecoin at Rp20.229 (+3.74%) with 89% sell order activity, and Synthetix at Rp4.808 (+3.49%) also showing 89% sell order activity.
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