Monad is facing new pressure following a sharp drop in price caused by a broader market downturn centered on Bitcoin. The pullback shook investor confidence and resulted in significant selling activity across major cohorts.
With sentiment shifting, the question is whether MONAD can stabilize or whether further losses are in store.
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Monad whales start selling
Whale activity has been a major concern for MONAD holders this week. According to on-chain data, large wallets (excluding exchanges) holding over $1 million worth of MONAD sold over 8 million tokens in just 24 hours. This distribution size indicates a clear decline in confidence among influential holders, which often causes large price movements.
If the trend accelerates, withdrawal from the asset could create further downward pressure.
Such aggressive whale sales typically reflect expectations of further declines or a desire to reduce exposure during periods of volatility. Since these wallets have a large supply, their collective movements can significantly sway the direction of the price.
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Extensive activity in the Monad network also highlights a cautious situation. Active addresses have been steadily declining over the past week, and activity has leveled off over the past few days. Active addresses represent users who interact with the chain by sending, receiving, and performing transactions.
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This decline in activity reflects uncertainty among MONAD holders. As long as market conditions remain unfavorable, user engagement may remain depressed, limiting the essential demand needed to support price recovery. In order to regain momentum, a revival of active addresses is essential.
MONAD price may fall
Monad price has fallen 5% in the past 24 hours and is trading at $0.029 at the time of writing. The altcoin is looking for stability and is trying to establish short-term support within the $0.027 to $0.030 range.
However, the pressures highlighted above suggest further downside risks. If the whale sell-off continues and network participation weakens further, MONAD could fall towards the key support at $0.023, deepening losses for holders.
On the positive side, MONAD could recover if bullish momentum returns and whale distribution pauses. With the bounce from $0.030, the token targets $0.035 with the potential to expand to $0.045. A move into this zone would invalidate the bearish outlook and restore investor confidence.
