After another Bitcoin dip, the market went negative again and MONAD was no exception. The token plummeted in price, undermining holder confidence and triggering a wave of selling, including from large addresses.
Amid changing sentiment, the main question now is whether MONAD can hold on or if more losses are ahead.
Whales have started to exit MONAD en masse
This week, the activity of large holders is causing increasing concern among investors. According to on-chain analytics, addresses with balances over $1 million in MONAD (excluding exchange wallets) dumped more than 8 million tokens in just one day. This is a significant volume, clearly indicating declining confidence from major players.
If the selling continues at the same pace, the pressure on the price may only increase.
Typically, such sharp sell-offs signal either fear of further declines or an attempt to reduce risk amid an unstable market. Given the volumes these wallets hold, their actions can noticeably impact price movements.
MONAD whale activity. Source: Nansen
The overall picture within the network is also not optimistic. Over the past week, the number of active addresses continues to decline, and in recent days has almost completely stalled. This metric reflects real interaction with the network — transfers, receiving tokens, executing transactions.
A sharp drop in activity suggests that holders are in no hurry to do anything. While the market situation remains tense, user engagement is unlikely to grow. And without active participation and organic demand, price recovery will be difficult.
To regain momentum, the project needs a revival at the level of basic activity.
Active addresses in the MONAD network. Source: Dune
MONAD price under pressure — risk of decline remains
In the past 24 hours, MONAD fell another 5% and is now trading around $0.029. The token is trying to hold in the $0.027–$0.030 range, forming a short-term support zone.
But given the pressure from large sellers and falling network activity, the downside risks remain high. If the current trend continues, the price may drop to the next support level around $0.023.
MONAD price analysis. Source: TradingView
Nevertheless, it is too early to write off the token completely. If whale distribution stops and the market gets a bullish impulse, a rebound from $0.030 is possible. In this case, the nearest target is $0.035, and if demand strengthens, the price could reach $0.045. Consolidation in this range could change investor sentiment and break the bearish scenario.
