Monad token sale defies ‘fizzle’ fears, will end oversubscribed on Coinbase

Around $216 million has been invested in the Monad public token sale on Coinbase, 115% of the $187 million target, about five hours before the sale is set to conclude. The much-anticipated sale raised about $43 million in its first half hour after going live on Nov. 17, but the pace of purchases soon slowed, raising concerns that it would end undersubscribed.