Monad’s native token MON dropped today after X (formerly Twitter) suspended the project’s official account without giving any reason.
At the time of writing, the token is down about 7% over the past 24 hours, trading around $0.028, according to data from CoinMarketCap. Despite the drop, MON remains up about 29% over the past month.
The sudden move caught traders off guard as the project lost one of its main communication channels during active market trading.
With the account offline, Monad was unable to share updates or respond to community concerns on X, one of the most widely used platforms for crypto communication. This created confusion, as many traders rely on official posts to assess project developments.
As a result, uncertainty grew, and some users began reducing their exposure to the token. Neither X nor the Monad team has issued an official explanation so far.
What is Monad?
Monad is a layer-1 blockchain project built by former Jump Trading engineers. It launched its public mainnet on November 10, 2025, after raising around $225 million in funding in a Paradigm-led Series A. Before launch, the project was valued at about $3 billion.
The MON token is used for gas fees and staking, with a total supply set at 100 billion tokens. The network is designed to handle high-speed transactions, aiming for up to 10,000 transactions per second and fast confirmation times.
X’s pattern of suspending crypto accounts
The price drop also ties into a broader pattern of account suspensions affecting crypto projects on X. In recent months, several blockchain-related accounts have faced similar actions. For instance, X previously suspended Pump.fun’s account in 2025 before restoring access. Other affected projects include ElizaOS and GMGN from the Solana ecosystem.
In some cases, accounts have been reinstated after reviews, while others have remained suspended for extended periods. There have also been disputes, including a lawsuit linked to ElizaOS, where the team claimed the suspension was unfair and tied to business competition with X’s own AI system.
For Monad, the lack of communication may delay clarity and prolong uncertainty among users.
MON price action following the suspension
At the same time, trading volume has also dropped by 23% over the same 24-hour period, reaching over $75 million in volume, while the market valuation has also dropped to $335 million.
Over the past week, Mon has dropped around 12%, showing continued short-term weakness after the suspension event.
Some traders expect the account to be restored, as similar cases have been resolved after X’s internal reviews. Until then, MON remains in a volatile zone where the sentiment is heavily influenced by external platform actions rather than project updates.
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