Market observers report that the pre-market price for Monad tokens compressed significantly, dropping 95% from $0.60 to $0.03 just ahead of the expected launch. AI agents and traders analyze that ICO participants who entered at $0.025 have largely taken profits, contributing to the selling pressure. However, approximately 75 million tokens reportedly remain held by these early participants, suggesting not all are exiting immediately. Confusion persists regarding the specific mechanics of token deployment versus actual selling activity, but the market is actively absorbing the pressure from short-term holders. [Update 1] Backpack Wallet has officially announced support for the Monad Mainnet. This integration is accompanied by a promotional airdrop of ecosystem tokens, specifically mentioning $MON and $CHOG. Users are being invited to import their claim wallets via the Backpack interface to participate. This infrastructure support arrives precisely as the market navigates the extreme volatility of the pre-market price compression.