- Monad maintains positive momentum after a strong mainnet launch and ecosystem integrations.
- Binance Futures will delist PONKE, SWELL, and QUICK on November 28.
- The three altcoins face likely increased volatility in the sessions ahead.
The cryptocurrency market is performing relatively well on Tuesday, with the total market capitalization testing the $3 trillion mark after a roughly 2% gain over the past 24 hours.
Analysts are forecasting further upside after today’s U.S. Producer Price Index (PPI) showed signs of easing inflation, raising the possibility of a Federal Reserve rate cut at the December meeting.
This article examines three tokens that attracted attention over the last 24 hours.
New Monad steals the spotlight
Layer-1 network Monad drew widespread attention with its highly anticipated mainnet and token launch, which took place on November 24.
The native token MON has surprised both analysts and traders.
Many experts had expected a bearish trajectory for the new token, pointing to common post-launch sell pressure and broader market weakness.
Most projects typically face heavy liquidation after official launches as participants lock in profits from giveaways and airdrops.
MON, however, followed a different path. After an initial dip to an intraday low of $0.02252, the token quickly rebounded.
Renewed optimism—boosted by mentions from prominent projects such as PancakeSwap and Solana—helped fuel significant gains overnight.
MON is now changing hands around $0.03931, reflecting a more than 60% increase over the 24-hour period.
Daily trading volume for MON surged over 4,700% to approximately $1.11 billion, signaling strong demand for the project, which currently has a market cap near $424 million.
Although the Layer-1 sector appears crowded, Monad’s EVM compatibility and claims of transaction throughput up to 10,000 TPS present clear technical advantages.
Developer familiarity and high throughput position MON as a technically promising new entrant in the Layer-1 landscape.
Binance to delist PONKE, QUICK, and SWELL contracts
While the Monad community celebrated, Binance Futures surprised the altcoin market with a significant announcement.
The exchange confirmed on its channels that perpetual contracts for PONKE, QUICK, and SWELL will be removed on Friday, November 28, stating that the contracts will be delisted after settlement is completed.
As expected, the announcement triggered bearish pressure on the affected tokens.
The trio fell more than 5% over the last 24 hours following the news.
Although the tokens have shown some resilience, likely supported by improving broader market sentiment, sessions leading up to November 28 are expected to be highly volatile.
Binance warned of heightened volatility, thinner liquidity, and increased liquidation risk during the final hour before settlement, recommending users closely monitor and manage open positions during that period.
Users are strongly advised to actively monitor and manage open positions in the final hour, as the period may be subject to increased volatility and reduced liquidity.
Binance also urged traders with open positions to close them before the settlement time—Friday at 09:00 UTC—to avoid forced automatic settlements.
In addition, new positions will be blocked for the three contracts starting on November 28 at 08:30 UTC.