The dynamic world of cryptocurrency never rests, with the market seeing significant movements over the past 24 hours. From Monad’s surprising token surge to Binance’s announcement of delisting certain altcoins, there’s plenty of news to unpack.
Monad Token’s Spectacular 60% Rise Post-Mainnet Launch
In a surprising turn of events, the Layer 1 project Monad witnessed a spectacular performance after its much-anticipated mainnet launch on November 24. Contrary to analysts’ predictions of an initial bearish run, Monad defied the odds. Experts had cited typical market trends where new tokens often face selling pressures post-launch due to community profit taking after airdrops or giveaways.
Instead, MON, the native token of Monad, surged by over 60%, trading at $0.03931 at the time of writing. It hit an intraday low of $0.02252 before skyrocketing overnight, fueled by growing excitement and optimism as leading platforms like PancakeSwap and Solana threw their weight behind the ecosystem.
Trading volumes for MON have soared by over a staggering 4,700% in the last 24 hours, reaching $1.11 billion, emphasizing the cryptocurrency’s growing interest. With a market cap of $424 million, Monad’s fast transaction processing speed of up to 10,000 TPS (transactions per second) and EVM compatibility position it as a promising player in an increasingly crowded Layer 1 sector.
Binance Shakes the Market: Altcoin Delisting Alert
While Monad basked in the limelight, Binance Futures sent shockwaves through the crypto space by announcing the delisting of perpetual futures contracts for PONKE, QUICK, and SWELL. The delisting, scheduled for November 28, 2025, prompted immediate bearish reactions for these tokens, with each declining over 5% within the past day. It’s expected that these assets will experience heightened volatility and reduced liquidity as the deadline approaches.
Binance has strongly advised traders to actively monitor their positions and close them before the final settlement deadline at 09:00 UTC on Friday. Users unable to do so will face automatic settlements. Moreover, new positions will no longer be opened starting from 08:30 UTC on November 28.
This announcement reaffirms the importance of staying vigilant in the ever-fluctuating cryptocurrency market, where rapid changes can impact investment strategies significantly.
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Why Does This Matter?
The events surrounding Monad’s surge and Binance’s delisting decisions underline the crypto market’s unpredictable nature. Whether you’re a seasoned investor or a curious beginner, staying informed about key developments is crucial for making successful investment decisions in this fast-paced industry.
