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Why is Monad down 10.1% today?

$0.01681-10.10% 24h
Source Gate · USDTSampled
Cause not confirmed · 1 lead

Price chart

Only 3 hours of samples so far, one every 5 minutes.

Gate · USDT: Nov 3, 2026, 04:09 → Nov 3, 2026, 07:12High $0.01728Low $0.01677
● Gate · USDT
Nov 3, 2026, 04:09Nov 3, 2026, 07:12

What may be driving the move

The market-wide decline is the clearest explanation, while the coin fell much more than Bitcoin and most tracked coins. A reported exchange security breach may have added broader market concern. The release of Monad tokens was also reported, but its timing and connection to this fall are unclear.

May have started the movePossible

Bitcoin and all three tracked coins fell over the measured 24 hours. Reports of a Mercado Bitcoin security breach were published Nov 2, 16:46 UTC, 19:05 UTC and 20:19 UTC; this may have added to wider market pressure.

What is not shown

The coin fell much more than Bitcoin, and the reports do not establish that the breach caused the wider market decline or this coin’s fall.

Weaker possibilities: A report published Nov 2, 04:48 UTC said Monad had a token release scheduled for November. (Monad Leads November Token Unlocks With $323M Release)

What is still unknown

It is unknown whether the reported token release or exchange breach materially contributed to the move; the available evidence does not establish when the fall began.

Looked at the 24 hours to Nov 3, 2026, 04:06 UTC

Market snapshot

Versus Bitcoin
-7.9 pts-10.13% / BTC -2.19%
Versus the past month
4.4× a usual day1 of the past 24 days fell further
24h volume
0.8×of its prior 30-day daily average
30-day range
−39.1% from high39.1% below the high · 0.2% above the low
More data (4)
Other tracked coins
12 of 31 others also fell 3.4% or more4 rose that much
Where it traded
LBank 16% · Bybit 15% · Uniswap V4 (Monad) 14%includes on-chain pools
Perpetual swap
funding near zero · open interest fallingOKX perpetual swap MON-USDT-SWAP
A typical hour
0.56% median move1 hour in 100 moved more than 3.72% over the past 30 days

Figures run to Nov 3, 2026, 06:00 UTC (OKX · USDT hourly candles). Methods →

Other notable moves today