Raised $500 million in funding, North America's Coinbase is launching its first public offering, featuring Monad, the next-gen high-performance hope in the crypto world. After token circulation, the market cap is only $2.6 billion, with a price of $0.026. Meanwhile, institutional locked valuation is $3 billion, and public offering valuation is $2.5 billion. So, does this mean if I buy now, it's like grabbing the public offering? And it's even cheaper than the institutions? WTF?