Most early investors reject selling MON at a discount, but price remains weak ahead of November unlocks.

The Monad Foundation's $60 million liquidity program, aimed at reducing selling pressure by allowing early investors to sell locked MON tokens at a discount, was largely rejected as most investors chose to hold their tokens. While this could suggest confidence, the technical outlook for MON remains bearish, with the price consolidating below $0.025 and forming lower highs. Key support levels to watch are $0.019-$0.020; a break below could lead to further declines. The upcoming token unlocks in November may still increase selling pressure despite investors holding their current shares.