[Monad Token Public Sale Eases 'Cold Start' Concerns, Concludes with Oversubscription on Coinbase] According to a report by Jinse Finance, the public sale of Monad (MON) tokens on the Coinbase platform will conclude with oversubscription. Although there were initial market concerns that the token sale might face a lukewarm response, a surge in buying activity later dispelled these doubts. The sale aimed to raise $187 million in USDC, but as of press time, nearly $216 million had been raised, exceeding the target by over 115%. According to real-time data shared by X platform user Swishi, the buying pace significantly accelerated before the sale ended at 9 PM Eastern Time on Saturday, with over $43 million purchased in the past 24 hours. The MON token sale began on November 17, garnering $43 million in purchases within the first half-hour, marking a strong start. However, the momentum slowed later in the day—only 45% of the target was achieved about six hours after the sale began. In comparison, the competing network MegaETH conducted a token sale on October 27, where a $50 million allocation received $1.39 billion in subscriptions, achieving an oversubscription rate of 27.8 times.