Key Takeaways
- •A significant long position of 2.44 billion MON tokens was liquidated, resulting in a $1.9 million loss for the trader.
- •The market volatility is attributed to the liquidation of a major whale.
- •The event has had a short-term impact on the MON token but no direct effect on Bitcoin (BTC) or Ethereum (ETH).
Whale Liquidation Triggers MON Market Volatility
On November 30, a trader identified as 0xccb5 experienced a liquidation of their long position in MON tokens, amounting to 2.44 billion tokens, which resulted in a substantial $1.9 million loss. This event underscores the inherent risks associated with leveraged cryptocurrency trading, particularly in volatile assets like MON.
The liquidation involved a 3x leveraged long MON position. The position was initially established with approximately 171.68 million MON, valued at $5.6 million. However, as the price of MON declined, the position grew to 2.44 billion MON before hitting liquidation points when prices fell below $0.02298.
The market implications of this significant financial event are notable. The incident highlights the vulnerabilities in MON's market stability, particularly concerning high-leverage trading. The forced sale of tokens exerted downward price pressure, impacting MON's liquidity.
"The liquidation of whale 0xccb5's long position highlights the extreme volatility in the MON market. Such significant positions can lead to rapid price shifts that impact overall market sentiment." — LookIntoChain Analyst, On-Chain Analytics Firm
MON Market Experiences Significant Decline
In the dynamic landscape of meme tokens, significant forced liquidations similar to the MON event have historically influenced sentiment shifts in smaller altcoins, leading to temporary market instability.
According to data from CoinMarketCap, as of November 30, 2025, Monad (MON) was trading at $0.03. The token registered a market capitalization of $293,968,783, with a notable decline of 24.36% within a 24-hour period. The fully diluted market cap stood at $2,714,246,983, and trading volumes indicated a -3.02% change. The circulating supply of MON reached 10.83 billion, out of a maximum supply of 100 billion.
Research insights suggest that this event could lead to increased caution in similarly leveraged markets. Historical trends indicate that technological advancements or regulatory interventions may contribute to stabilizing such volatile markets over time. Regional regulatory bodies may also increase their scrutiny of high-leverage trading practices following this incident.