Degen Insider Is Brought To You By Menace.com Crypto Sportsbook & Casino
Sup fellow degens,
The compliance officer just quit!
If you have been in the crypto space longer than a cycle, you know the drill. Coinbase is the “safe" exchange. The guys in suits and ties who don't do “early."
They haven't touched a public sale token since 2018. Seven years watching from the sidelines. Watching tokens pump 50x on other exchanges before they could consider listing. Seven years playing it safe while VCs got rich and retail bought tops.
That era just ended.
The biggest US-founded exchange launched their first ICO in seven years. It's not some random shitcoin. It's the most hyped L1 of the year, already trading at 2x the sales price in the grey market.
The interesting pitch: the sale mechanism is designed to lock out whales and institutional investors, it prioritizes small wallets.
Well, a win for retail degen. We are now market shakers.
The window closes in 48 hours. If you miss this, you will be buying from people who read this email.
So let's break down the play.
Monad for Retailers: What's the Play?
Coinbase announced the sale and the market went agog. In a greener market, ICOs are the best casino in crypto. But we are in red, that should tell you something.
Our losses will meet again in Valhalla.
The exchange plans to run sales roughly once a month. The Monad sale is the first, but it won't be the last.
So crypto nomads, here's a quick breakdown:
Asset: Monad is “Solana, but EVM-compatible."
The tech: Parallel execution (like Solana) but with Ethereum tooling. Testnet is hitting 10,000 TPS.
Funding: $244M raised from Paradigm and Dragonfly. Heavy VC money means retail is exit liquidity. Usually.
ICO target: An additional $187.5M.
The Degen math
Coinbase is using a sale mechanism that targets the ordinary degens. We have the table tilted toward us.
Sale price: $0.025 per $MON
FDV: $2.5B
Grey market spread: OTC and derivative markets already pricing $MON at $0.05-$0.06. You're buying at a 50% discount to grey market prices.
That spread? That's the edge.
Gaming the Algo
Ok, bro. We have 48 hours. But this is not “first come, first serve" or a lottery of pure luck.
This is “filling from the bottom."
Coinbase is giving you and me (the exit liquidity) priority. The smallest orders first.
What this means:
Bid $500? You're almost guaranteed a 100% fill.
Bid $50k? Get pushed to the back. Well, probably get filled $500.
Dima's strategy: don't try to be a hero.
The Smurf play:
Log in to your account: if you don't have a Coinbase account, you're already too late for this round.
Bid the max for retail degens: $500-$1000, depending on your account tier.
Set it and forget it. The algo prioritizes over the whales.
The Flip
Because whales are locked out, when trading opens, they would be forced to buy on the open market. And buy, they will! This is the hottest L1 of 2025.
This is your exit liquidity.
Timeline:
When Monad lists on secondary exchanges on November 22-23, whales who got shut out start buying. Grey market is already pricing this at $0.05-$0.06 (2x your entry). An initial surge to $0.08-$0.10 is expected.
Week 1: Retail sees the pump and starts aping in. This is where you jump out. You should sell of 50-70% into strength.
Week 2-4: The FOMO crowd buys the top. Au revoir to them.
The risk:
Don't try to marry your bags. This only works if you actually take profit. I've watched people crash their 5x gains because they got greedy. The “Filling from the Bottom” algo creates artificial scarcity for the whales. Once that is satisfied, the price settles for discovery.
This is a trade, not an investment thesis.
Whales are locked out. Retail favored. Grey market spread. The edge expires immediately the secondary markets open and normalize.
Beyond the Trade, This is a Signal
The “regulatory winter” is thawing. Gary Gensler is out. The SEC has mellowed. The industry has political cover now.
If the guys in suits and ties are comfortable selling to US retail again, expect the floodgates to open. More ICOs, more direct listings, more opportunities for retail to get in early.
The sale is more than a token launch. It's a signal.
Carpe Diem
The window closes on November 22nd.
Don't be the guy who read this and was just too lazy to log into Coinbase today. You would buy it for $0.10 next month.
The suit-and-tie exchange just went degen. Pay attention.
TL;DR: Coinbase is launching the Monad token sale until November 22. The algorithm is in favor of retail traders this time. Bid now.
Stay degen,
Dima
Who is Menace Dima?
Look, I could bore you with my "professional bio" – you know, the whole "20+ years in the gambling industry" spiel, the $100M+ portfolio, or how I've had my fingers in every gambling pie from affiliate marketing to running major operators.
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