Investment
Features
FeesSafety
Academy
More
Pluang+
|
Home/News Feed/X suspends Monad's verified account, causing MON token to drop 9% amid crypto sector concern
MON
Rp299
+Rp24 +8.55%

X suspends Monad's verified account, causing MON token to drop 9% amid crypto sector concern

Market News
28 Apr 2026
CrowdFundInsider
View Source
Bearish
pluang ai news

Social media platform X suspended the verified official account of Monad, a Layer-1 blockchain project, on April 28, 2026, without explanation. This suspension disrupted Monad's main communication channel during a critical growth phase, leading to a 9% drop in its MON token price within 24 hours. The incident highlights risks for crypto projects relying heavily on centralized platforms like X, which has recently increased scrutiny on crypto accounts to combat spam and manipulation. Monad's community is moving to alternative channels while awaiting account reinstatement, underscoring the need for diversified communication strategies in the blockchain space.

More News (MON)

Monad boosts weekly incentives to $75K for Agora's AUSD stablecoin liquidity on its network

Monad boosts weekly incentives to $75K for Agora's AUSD stablecoin liquidity on its network

Monad has increased its weekly incentives to $75,000 to support liquidity for Agora's AUSD stablecoin on its blockchain. AUSD is a US dollar-backed stablecoin managed by VanEck, with reserves in cash and US Treasury bills. This move follows Monad's r...

Protocol Fundamentals
Bullish
11 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App