Monad's public offering raised over $90 million, with an oversubscription rate of nearly 50%.

The public sale of Monad (MON) tokens on the Coinbase platform launched at 10 PM Beijing time on November 18th. Scott Shapiro, Coinbase's Product Director, stated that the subscription rate reached 45% approximately six hours after the sale began, with nearly half of the subscription amount completed within the first half hour. As of now, the Monad public sale has raised approximately $90.05 million, representing about 48% of the planned total issuance. The public sale aimed to raise approximately 187 million USDC, with a maximum bid of 100,000 USDC and a minimum bid of 100 USDC. (The Block)