MON (MON) fell 2.88% in 24 hours.

Gate News Bot news, on October 17, according to CoinMarketCap data, as of the time of publication, MON (MON) is currently priced at 0.02 USD, having fallen by 2.88% in the last 24 hours, with a high of 0.02 USD and a low of 0.01 USD. The current market capitalization is approximately 9.7142 million USD.

MON Protocol is a protocol focused on bringing well-known IPs to the blockchain. It aims to bring users' favorite universes and characters onto the chain while providing gaming, governance, and distribution functionalities. The MON token is used for allocation and management within the IP ecosystem. The project is supported by several well-known investment institutions, including Delphin Ventures, Foresight Ventures, and Animoca Brands. The team members of MON Protocol come from several prominent gaming and entertainment companies, such as Ubisoft, Sony, and Activision.

The price of the MON token has recently shown a falling trend, which may be related to short-term selling pressure following the implementation of the airdrop plan. However, considering the project's ongoing technical upgrades and the launch of new features, as well as support from mainstream trading platforms, the long-term development prospects are still worth paying attention to.

This message is not an investment advice, and investors should pay attention to market volatility risks.