Monad’s long-awaited token debut has turned into one of the roughest openings of 2025, with the token immediately trading below its pre-sale price and exposing structural problems many in the community warned about months ago. Monad got rugpulled. Solana, Uniswap, and MetaMask all posted promotional content for Monad, raising questions about why they would.

When MON hit exchanges, prices ranged between $0.024 and $0.028, despite a pre-sale level around $0.026. What made matters worse was a MetaMask glitch that made the price appear to spike.

Meanwhile, a new crypto presale is making waves as this prime “dip buying” crypto opportunity presents itself.

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New MetaMask Glitch? A Rare Coinbase-Backed ICO Faces Early Doubts

The biggest red flag is still MON’s distribution. It’s poppy cock! Half of the supply for MON was allocated to the team and insiders, creating concerns about concentrated selling pressure. This concern intensified when highly active ecosystem users received almost nothing from the long-awaited airdrop.

 “I’m beginning to think Monad is a scam… they hiked the price to lure in pre-sale buyers, so they will dump it,” said CoreNex founder Juluis Elum.

The backlash has coalesced under the hashtag #MonadScam, a sign of the frustration spreading across X.

This was Coinbase’s first ICO-style token launch with MetaMask backing, and even US users were permitted to participate. That level of institutional backing typically inspires confidence, but it has not prevented a weak opening or shaken speculation about insider advantages.

Monad is trading at $0.04057, down -9% on the day, according to CoinGecko.

DISCOVER: Top 20 Crypto to Buy in 2025

Best Wallet Presale Nears Launch: The Retail Parallel to Institutional Upgrades

As Monad scrambles to get its act together, Best Wallet (BEST) has stepped into the pre-listing frenzy with its BEST-powered ecosystem, offering traders a single platform to store, trade, and chase new tokens across multiple chains.

The real story is that BEST sits on MEXC’s pre-market desk BEST– will debut with an exclusive MEXC Pre-Market Trading window, giving traders ultra-early access before BEST hits the global spot market. For anyone willing to move early, the setup offers leverage in the purest sense, allowing you to get positioned before the market even opens.

The pitch is simple for BEST: one wallet, full access, no waiting.

With only days left before the presale closes, momentum is building. Bitcoin’s recent 10 percent rebound to $88,000 has reignited optimism, and BEST holders are preparing for the November 28 token claim at 12 PM UTC.

(Source: Best Wallet)

Best Wallet is positioned as a practical, user-first multi-chain app. It allows users to buy, hold, swap, and track tokens across multiple blockchains while maintaining full key control through Fireblocks MPC. It removes seed phrases, adds biometric login, and introduces decentralized recovery.

The wallet is already operational today, lending the presale unusual credibility compared to roadmap-only projects.

The BEST token powers lower swap fees, staking rewards, governance rights, early access to partner presales, and future payments integration through Best Card. With 8 percent of the total supply allocated to staking rewards and a clean audit, the token has drawn attention as a potential breakout once the app’s ecosystem is fully online. Check it out here!

Download Best Wallet

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Key Takeaways

  • Monad got rugpulled. Solana, Uniswap, and MetaMask all posted promotional content for Monad, raising questions about why they would.
  • Best Wallet is positioned as a practical, user-first multi-chain app. It allows users to buy, hold, swap, and track tokens

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Isaiah Mccall
Isaiah Mccall
99BTC Japan Correspondent

Isaiah McCall is an ultramarathon runner and Japan Correspondent for 99Bitcoins. He started at USAToday in 2019 and now has a Medium blog following of 30k+ and millions of views. Follow him at @AfroReporter Read More

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