Monad, 8 Million Sold Amid Plummeting Trading Volume... Will the Price Decline Continue?

Source: DigitalToday Original Title: Monad Sells 8 Million Tokens Amid Plunging Volume—Will the Price Downtrend Continue? Original Link: Monad is under price pressure due to market weakness and the decline in Bitcoin. Investor confidence is wavering, leading to large-scale sell-offs among major holders.

According to on-chain data cited by blockchain media BeInCrypto on the 3rd (local time), whale investors holding over $1 million in MON sold 8 million MON within 24 hours. This large-scale exit signals anticipation of a market downturn and could further intensify short-term price pressure.

Network activity is also contracting. The number of active addresses has plummeted over the past week, with user engagement nearly stagnant. This suggests investors have shifted to a wait-and-see approach amid market uncertainty, resulting in a lack of trading demand needed for a recovery.

Currently, Monad has rebounded 3.59% over the past 24 hours, but is already trading well below the $0.023 support level at $0.01079. If it fails to recover above the former support, the bearish trend could continue, and further downward pressure may persist if network participation continues to decline and whale sell-offs persist. However, if selling pressure eases and trading volume picks up, there is potential for a rebound starting with recovery to $0.023, then $0.030, and possibly even to the $0.035–$0.045 range.

Whale movements are a key factor driving price volatility in the cryptocurrency market. Monad’s future direction will depend on market sentiment and whether network activity can recover.