$MON LAUNCH OF MONAD ($3.2B FDV): THE OPTICAL ILLUSION OF VALUATION BY SCARCITY
The MON token of Monad was launched amid bearish sentiment for Bitcoin, but debuted with a Fully Diluted Valuation (FDV) of $3.2 billion, despite low market expectations.
This disproportionate number is explained by the "low float" tokenomics: only 10% of the total 100 billion tokens were in initial circulation. The FDV is calculated by multiplying the price by the total supply, so a small portion of tokens generates a nominally high valuation, creating an "optical illusion" of large capitalization that does not necessarily reflect real liquidity or deep demand, but rather a structured scarcity.
The Monad case highlights the current tension in the market, where macroeconomic volatility (the drop of BTC) clashes with artificial scarcity, demonstrating that traders often value mood more than the mathematics of supply.
Since much of the MON supply remains locked until 2026.
Do you think the FDV of $3.2 billion is a fair valuation that reflects long-term potential, or is it a sign of future dilution?
