Coinbase has officially announced the completion of its first token sale for Monad ($MON), reporting robust demand with $269 million committed. The sale was 1.43x oversubscribed, attracting over 85,800 participants from more than 70 countries. Notably, despite the oversubscription, 99% of participants are expected to receive their full requested allocation, which will be distributed soon. Market participants are now preparing for the listing, with platforms like MEXC expected to list the token shortly. Traders have been discussing the timing and market sentiment, noting a perceived lack of extreme hype compared to previous cycles, which some view as a potential opportunity. Industry commentators have drawn comparisons between Monad's launch strategy and that of competitors. For instance, Simon Dedic compared Monad's "max distribution" approach—aiming for a wide holder base—to MegaETH's strategy of "max alignment," which focused on a more concentrated group of stakeholders. [Update 1] Added specific details regarding the allocation fulfillment rate (99% of users receiving full requests) and industry commentary comparing Monad's distribution strategy to MegaETH.