- Monad maintains positive momentum after a strong mainnet launch and ecosystem integrations.
- Binance Futures will delist PONKE, SWELL, and QUICK on November 28.
- These three altcoins face heightened volatility in the upcoming sessions.
The digital currency market is trading relatively well on Tuesday, with the total value of all cryptocurrencies rising more than 2% in the past 24 hours to surpass $3 trillion.
Analysts are forecasting significant recoveries after today’s US Producer Price Index (PPI) showed cooling inflation, increasing the chances of a Federal Reserve interest-rate cut at the December meeting.
This article reviews three tokens that drew attention over the past 24 hours.
New Monad Steals the Spotlight
Layer-1 project Monad has been at the center of attention following its much-anticipated mainnet and token launch on November 24.
The native MON token surprised analysts and traders alike.
Many experts had predicted a weak start for the token, citing prior patterns and a generally soft market. Typically, projects experience heavy selling pressure after official launches as recipients of giveaways and airdrops secure their profits.
MON’s performance, however, diverged from that pattern. After the launch the token briefly dropped to an intraday low of $0.02252.
Renewed enthusiasm around leading projects such as PancakeSwap and Solana helped revive optimism for Monad, fueling a notable overnight recovery.
The asset is now trading at $0.03931, up more than 60% in the last 24 hours.
Daily trading volume for MON surged more than 4,700% to $1.11 billion, signaling strong interest in the project, which currently has a market capitalization of around $424 million.
Although the L1 sector appears crowded, Monad’s EVM compatibility and transaction throughput of up to 10,000 TPS position it as a technically compelling new entrant in the Layer-1 landscape.
Developer familiarity and high throughput have contributed to MON’s perception as a promising addition to the ecosystem.
Binance to Delist PONKE, QUICK, and SWELL Contracts
While Monad’s community buzzed with optimism, Binance Futures shook the altcoin market with a decisive announcement.
On Friday, November 28, the exchange confirmed on X (formerly Twitter) that it will terminate perpetual contracts for PONKE, QUICK, and SWELL, and stated:
“The contracts will be removed from the exchange following settlement.”
As expected, the announcement had a bearish impact on the named tokens, which dropped more than 5% on the day.
While the tokens have shown some resilience—likely helped by the broader improved market sentiment—the sessions leading up to November 28 look set for pronounced volatility.
Binance warned of increased price swings, thinner liquidity, and higher liquidation risk in the final hour before settlement, advising:
It is strongly recommended to actively monitor and manage open positions during the final hour, as the period may be subject to increased volatility and reduced liquidity.
The exchange urged users with active positions to close them before the listing cutoff at 09:00 UTC on Friday to avoid automatic settlement. It also announced that new positions on the three contracts will not be permitted after 08:30 UTC on November 28.