For two years, Monad was the future tense of airdrop farming. A parallel-execution EVM chain, a war chest above 200 million dollars from the industry's biggest funds, and a testnet whose every quest, badge and Discord role was farmed by hundreds of thousands of wallets convinced they were early to the next great retroactive payout. In November 2025 the future tense ran out: mainnet launched, MON went live, and the distribution happened.
What the payout actually looked like
The official numbers, per Monad's own results post: 4.73 billion MON made claimable across 289,000 eligible accounts, with the claim window running October 14 to November 3, 2025, and about 3.33 billion MON, roughly 70 percent, actually claimed. Claimed tokens sat in escrow until mainnet launch on November 24, 2025. The drop covered the expected constituencies: testnet users, community contributors, NFT communities and ecosystem participants. And, as with most launches of the era, the aftermath split into two familiar camps. Wallets with deep, differentiated engagement did meaningfully well. The long tail of checklist farmers, the wallets that bridged once, clicked every quest and idled in Discord, mostly received allocations that valued their two years of effort at fast-food wages, and said so loudly.
Hundreds of thousands of wallets.
Filters applied, allocations set.
Median allocations underwhelmed.
Any MON claim link today is a scam.
That outcome was not a rug; it was arithmetic. When a fixed community allocation meets a farming population in the hundreds of thousands, the median allocation is small by construction, a dynamic our tokenomics guide lets you estimate in advance for any drop still pending. MON's post-launch price action, arriving into the same soft market that has compressed every 2025 and 2026 launch, did the rest of the expectation adjustment.
The anti-sybil pass deserves its own line in the record, because it previewed how every subsequent drop now filters. Clustering caught wallets by funding source and by choreography: accounts spun up the same week, funded from the same faucet of exchange withdrawals, walking the same quest list in the same order. Those got zeroed at industrial scale, while imperfect, irregular, recognizably human histories cleared. The lesson was not subtle and has not changed since: farming "like a human" is not a vibe, it is the specific statistical profile the filters are tuned to keep.
Why this page stays up
The ended column is the tracker's memory, and Monad is its best recent teaching specimen. It demonstrates the full modern lifecycle: multi-year hype, industrial farming, anti-sybil filtering, a distribution that rewards depth over checklists, and a market reception that no amount of testnet enthusiasm could override. Every expected drop on our board should be read against this base rate rather than against Hyperliquid's outlier genesis.
The arithmetic generalizes into a one-line tool: a fixed community pool divided by the farming population is the median, before filters. Two extra years of hype grow the denominator relentlessly while the numerator is set once, in a spreadsheet, long before claim day. That asymmetry, more than any team's generosity or greed, is what decides whether a drop feels historic or insulting, and it is estimable in advance for every pending entry on the board. Monad did not break the model; it demonstrated it at scale.
One live warning remains attached to a dead drop: ended airdrops are drainer bait forever. Fake "second phase" claims, "unclaimed MON" reminders and recycled claim portals continue to circulate. The distribution is over; anything saying otherwise is hostile by definition.
Status check, September 7, 2026: nothing has reopened and nothing will. The only Monad items in the news this month are network housekeeping and supply. Per CoinMarketCap's Monad coverage, Upbit suspended MON deposits and withdrawals from 11:00 UTC on September 2 to support a network hard fork, a routine precaution, and the token traded near $0.027 on September 3 after a session low around $0.0249. The same coverage flags a token unlock of roughly $600 million scheduled for November 24, 2026 as the next real test of demand, one year after mainnet. We repeat those figures as reported rather than verified on chain. None of it changes the status: the airdrop ended in November 2025, and any claim page saying otherwise is a drainer.
