Monad still feels cheap here.
Current @monad supply gets diluted by 34% in December when the first unlock hits. From 50B MON in circulation to 67B.
Current MC: $313M / Adjusted MC: ~$419M
Even adjusted, that puts Monad under a lot of old, dead L1s.
Category Labs announced "potential" buybacks of up to $80M through end of year.
Worth noting it's an authorization, not a commitment, but even if they only deploy $20M or $30M, that's a meaningful chunk of circulating supply being offset.
VC-heavy chains usually get at least one good run.
Last funding rounds were at $2.5–3B FDV. Ecosystem growth has been regular, organic, and well executed. The tech is appreciated, the UX is good.
The "first EVM with Solana speed / Ethereum decentralization" narrative, while simple, can still hold some substance.
Chart looks strong, built solid support around ICO price ($0.025).
Surprised it's not more discussed on CT.
