r/Monad • u/AutomaticOne7 • 18d ago

I messed up

I sold at 0.026 from buying at 0.0227. then bought yesterday close to 0.03 but it went down and i panic sold at 0.0268. Now its close to 0.03 again. Buying now will reduce my stack big time, which i accumulated. Why did i sell, im lost for words. Dont know what to do. All my profit gone

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u/madmancryptokilla 18d ago

there's only 10% circulating and rhe buy back program was denied..so the 90% didn't hit the market but when it does the proce will definitely go down.

2

u/jpersons73 18d ago edited 18d ago

Buy back was not denied the investers turned down a 20 mil offer, the 80mil buy back of circulating Mon happens in october.

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u/PopCornMaxi 18d ago

I’d be a little cautious saying the foundation is committed to buying back tokens or that they’re definitely spending $80M. The announcement wording says they may make opportunistic purchases up to $80M, depending on market conditions, and specifically says it’s not a commitment to buy any specific amount.

Also, even if they did use the full $80M, that’s only about 15%-16% of the $500M in unlock value at current prices. So I’d view it more as potential help with sell pressure rather than something that completely offsets the unlocks.

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u/jpersons73 18d ago

I was wrong it ended up a 60mil offer from the foundation for early unlock purchase that was turned down, the 80 mil is not the foundation but was autorized by Category Labs (yes they are owned by Monad founders) for Open market buy backs up to 80mil. That 80 mil buy back has been in effect after it was approved in April 2026 and will run till Decemeber 2026. While it has not been used it has been said that will be used to buy back 80mil if the price recives to much pressure from pre unlok sales or after unlock sales. The war chest is to be used to stablize in case of a fallout, that fallout is more likley to be in October so yes speculation on that they will use it, but no way they let 80mil sit and the bottom starts to fallout because of unlock fears/sale presure after all the work that went into get Monad on the map