Monad’s native coin $MON prolonged losses after X suspended the blockchain undertaking’s official account on Monday with out clarification.
CoinGecko knowledge reveals that $MON fell about 9% to $0.029 prior to now 24 hours, although it has nonetheless gained 29% over the previous month.
The layer 1 blockchain constructed by former Leap Buying and selling engineers is the most recent in a string of crypto-related account suspensions on X, following a sample of aggressive platform moderation.
In June 2025, X suspended a number of distinguished Solana ecosystem accounts, together with the dominant meme coin launchpad Pump.enjoyable, the open-source AI framework ElizaOS, and the pockets tracker GMGN.
These sweeps focused each official undertaking handles and the private profiles of founders, akin to Pump.enjoyable’s Alon Cohen and Eliza Labs chief Shaw Walters. Whereas a number of accounts have been reinstated inside weeks, others, together with Shaw Walters and ElizaOS, remained suspended for six months, lastly being restored in late December 2025.
Walters filed a lawsuit towards X final August, alleging the suspension was supposed to suppress competitors with X’s in-house AI, Grok, after Eliza Labs declined to pay an annual API charge.
Monad launched its public mainnet on November 10, 2025, backed by roughly $225 million in funding from a Paradigm-led Collection A that valued the undertaking at round $3 million earlier than launch. Its $MON token, with a complete provide of 100 billion, handles fuel charges, staking, and ecosystem liquidity.
