CoinDesk·3 min read·medium
Monad, an Ethereum rival, offered early investors up to $60 million to cash out. Almost all said no
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Shaurya Malwa
✦AI Summary
The Monad Foundation's offer to buy back locked MON tokens from early investors at a discount was largely rejected, despite the availability of $60 million for the program. While the network has seen significant growth in DeFi activity, the token price has struggled since its public sale.
The Monad Foundation said Tuesday it had finished a program offering to buy locked MON from certain early investors at a discount. It had set aside as much as $60 million for the purchases.
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