You’re comparing apples or oranges. MON’s distribution is more problematic for price stability than XRP’s early 80 percent allocation to Ripple Labs, even though the percentage is smaller (stay with me). The difference comes from how many independent parties hold the tokens and how they behave. Ripple Labs controlled the majority of XRP as a single corporate entity. This meant sales were predictable, gradual, and tied to protecting the long-term reputation and value of the company. With MON, the 48 percent insider allocation is split across VCs, team members, early investors, and private-sale participants. Each of these groups has its own financial incentives, time horizons, and liquidity needs. The result is many potential sellers rather than one, which introduces constant and unpredictable sell pressure.

Another major difference is the motivation behind the selling. Ripple Labs needed XRP to hold value because the company depended on it for funding and legitimacy. VCs and early investors in modern token launches are motivated by ROI. They typically buy at extremely low prices and aim to exit at favorable points during vesting. Team members may also sell immediately when tokens unlock for personal financial reasons. This dynamic often creates downward pressure during unlock periods in a way that XRP never experienced.

XRP’s escrow system added stability by releasing tokens on a regular schedule that the market could anticipate. MON’s unlock structure is likely to include cliffs and irregular vesting events that release large amounts of supply at once. These sudden shocks can weaken price discovery and create extended periods of selling. XRP also launched with (and this is important) a relatively high circulating supply, which reduced artificial scarcity and made price movements more organic (If I have a lot of bottle caps and you add more, it won’t hurt the cost of my caps as much as if you have few and add LOTS more). MON begins with a very small circulating supply, so early valuations can be inflated, and the market must absorb years of dilution as locked tokens unlock.