Coinbase users face delays in sending and receiving Monad tokens and MONUSDC
Coinbase users face delays sending and receiving MON and MONUSDC tokens after Monad's $269M oversubscribed sale and mainnet launch strain exchange systems.
➤ Coinbase users are experiencing delays in sending and receiving Monad (MON) and MONUSDC tokens due to high demand following Monad's successful $269M token sale and mainnet launch. ➤ The delays are attributed to the strain on Coinbase's new token sales infrastructure and the rapid succession of the token distribution and blockchain network activation. ➤ Investors holding these tokens on Coinbase face reduced liquidity, and should monitor future token unlock events which will increase circulating supply and potential selling pressure.