Monad (MON) Crashes 47% From Post-Launch Highs — Is This A New Pi Coin In The Making?

Monad has dropped over 47% from its post-listing high in just four days. The Monad price chart shows a rapid launch spike followed by a sharp downside slide, a pattern similar to how Pi Coin traded immediately after its launch. Both are new layer-1 projects that launched with strong attention, but both slipped quickly after launch.

This piece compares the chart structures and then examines whether MON is exhibiting the same sustained weakness as Pi Coin, or if its own setup still indicates signs of stability.

Monad Mirrors Pi Coin’s Early Post-Listing Slide

Pi Coin lost 86.57% of its value within the first six weeks after listing and is now down more than 91% from its post-launch high.

Pi Coin price Chart: TradingView

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Monad has followed a similar opening path, dropping 47.57% from its peak in only four days.

Monad Price Chart: TradingView

Both charts show the same early traits:

• A fast launch spike
• A deeper correction almost immediately

The key difference is the market backdrop. Pi Coin launched during a stronger crypto environment earlier this year. And when it dropped, it couldn’t even recover half of its losses despite BTC hitting new highs in early October.

Monad is entering a weaker market where liquidity is thin and large assets are struggling to hold momentum. So the odds are certainly not in favor.

Even though the price-specific parallel between MON and PI is clear on the surface, the next step is to look deeper into Monad’s own chart and structure to see whether the weakness continues or if there are early signs of support forming.

Supply Strength Weakens As Large Money Flow Drops

Monad’s internal picture becomes weaker once we examine how big money has behaved since the listing week.

The first signal comes from CMF, which tracks whether bigger buyers are sending money into an asset or pulling it out. After the initial post-launch spike, the token stabilized near the end of October, which is when CMF became usable. From that point, the money-flow line has moved only one way — down.

Since October 27, CMF has dropped by more than 270% and has remained below zero for most of the decline. A fall under zero means larger buyers are stepping aside, not adding support.

Even big market players like Arthur Hayes have expressed doubts regarding Monad, citing the significant outflows of capital.

Arthur Hayes shares his thoughts on Monad

“I have no belief that this is a legitimate blockchain”