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Took a position in the Monad public sale. These are my reasons I don’t believe this would go as high as the megaeth sale.
1) Market is bearish right now, Bitcoin and major alts are performing badly, people definitely not willing to take risks. The current pre-market price is also about 65% above sale price.
2) This sale is happening on Coinbase a CEX, there’s worries about their customer service being terrible and chances of having your funds locked up.
3) Airdrop participants not happy with token distribution and lots of several bearish sitatuons going on in the Monad ecosystem.
Downside - Megaeth would be freeing up funds in 3 days, so there would be more liquidity available for people to enter the sale. Also this sale is open to all of the US. Chances are people start to deploy liquidity late into the sale. I would be looking to cut losses around 35c or take a bigger size position around $1bn to hedge.
Thanks for your attention to this matter.


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