Why is Monad down 10.3% today?

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.

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)