Monad Jumps 10.75% in 24 Hours to $0.02281 Amid Volume Collapse

According to CoinGlass, Monad (MON) climbed 10.75% over the last 24 hours to $0.02281, while trading volume contracted sharply 59.67% to $37.79 million. The divergence between price action and declining participation suggested the rally was driven by a smaller group of buyers rather than broad-based demand.

Binance derivatives traders showed mixed signals. Long positions accounted for 67.67% of top trader holdings, pushing the Long/Short Ratio to 2.09. However, the OI-weighted funding rate stood at -0.0161%, indicating bearish sentiment persisted in futures markets despite the price recovery.