Category Labs plans to repurchase MON tokens on the open market in the first half of the year.
TechFlame
2026-01-21 15:43
TechFlame2026-01-21 15:43
English
TechFlame reports that Category Labs, the development team behind Monad, recently announced on social media platform X that the company may purchase up to $30 million worth of MON tokens on the open market in the first half of 2026, in accordance with applicable laws and regulations.
The announcement emphasizes that any purchase will be initiated, paused, or terminated at the sole discretion of Category Labs and does not constitute a commitment to purchase any specific quantity of tokens. The statement clarifies that this merely reflects the company's intention to consider opportunistic purchases based on market conditions.