Whales Dumped 8 Million MONAD in 24 Hours — What’s Next for the Price?

After another Bitcoin dip, the market turned negative again, and MONAD was no exception. The token’s price dropped sharply, undermining holders’ confidence and triggering a wave of selling, including from large addresses.

Against the backdrop of changing sentiment, the main question now is whether MONAD can hold its ground or if further losses are ahead.

Whales Are Exiting MONAD En Masse

This week, large holders’ activity is raising increasing concern among investors. According to on-chain analytics, addresses with balances over $1 million MONAD (excluding exchange wallets) dumped more than 8 million tokens in just 24 hours. This is a significant volume, clearly indicating declining confidence among major players.

If the selling continues at the same pace, the pressure on the price could only intensify.

Typically, such sharp sell-offs signal either fear of further declines or attempts to cut risk amid a volatile market. Given the volumes these wallets control, their actions can significantly affect price movement.
The overall picture within the network doesn’t add much optimism either. Over the past week, the number of active addresses has continued to drop and has almost completely stalled in recent days. This metric reflects actual network engagement—transfers, token receipts, and transaction execution.

A sharp decline in activity suggests that holders are in no rush to act. As long as market conditions remain 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 of basic activity levels.
MONAD Price Under Pressure — Downside Risk Remains

In the past day, MONAD dropped another 5% and is now trading around $0.03. The token is trying to hold in the $0.027–$0.030 range, forming a short-term support zone.

But with pressure from large sellers and declining network activity, the risk of further downside remains high. If the current trend continues, the price could fall to the next support level around $0.023.
However, it’s too early to write the token off completely. If whale distribution stops and the market gets a bullish impulse, a rebound from $0.030 is possible. In that case, the next target is $0.035, and with stronger demand, the price could reach $0.045. Consolidation in this range could change investor sentiment and break the bearish scenario.