Monad's public offering raised over $90 million, with an oversubscription rate of nearly 50%.

According to Odaily Planet Daily, the public sale of Monad (MON) tokens on the Coinbase platform began at 10 PM Beijing time on November 18th. Scott Shapiro, Product Director at Coinbase, stated that the subscription rate reached 45% approximately six hours after the sale started, with nearly half of the subscription amount completed within the first half hour.

To date, Monad's public sale has raised approximately $90.05 million, representing about 48% of the planned total issuance. This public sale aimed to raise approximately 187 million USDC, with a maximum bid of 100,000 USDC and a minimum bid of 100 USDC. (The Block)