$CHOG Airdrop Analysis: Monad Chain's First $10 Million Meme Coin Debuts
Key points
$CHOG, the community mascot token of the Monad blockchain, was officially launched on November 27th. Initially, it briefly reached a market capitalization of $10-13 million, becoming the first meme token on the Monad blockchain to reach this level. Currently, its market capitalization is approximately $5.37 million, and it is undergoing a price adjustment period following its launch.
Project Overview
Release details
- Release time : November 27, 2025, approximately 02:10 UTC MEXC
- Contract address :
0x350035555E10d9AfAF1566AaebfCeD5BA6C27777(Monad Chain) - Total token supply : 1 billion CHOG (100% circulating)
- Current price : Approximately $0.00537 (down 38% from ATH $0.00875)
Market performance
| index | numerical values |
|---|---|
| Current market capitalization | $5.37 million |
| 24-hour trading volume | $2.71 million |
| All-time high market capitalization | $10 million - $13 million (November 27) |
| Number of cryptocurrency holding addresses | 3,249 |
| Total number of transactions | 10,602 entries |
Airdrop Mechanism Analysis
Air investment price standards
| Eligibility Requirements | Status Details |
|---|---|
| Chog/Nad NFT holders | Claim via portal.chognft.network.com |
| Ethos Network score >1465 | Airdrop site x.com has been confirmed. |
| Chog Union+ NFT Level | Eligible recipients are listed on x.com. |
| Backpack wallet users | Trade $20+ in CHOG before December 5th to enter a $10,000 prize pool at x.com |
Distribution strategy
The airdrop employs a multi-phase distribution model, with the first phase completed on November 27th. It primarily targets Monad ecosystem participants and the NFT community, aiming to promote on-chain activity rather than large-scale distribution. The distribution represents approximately 10-20% of the total supply, distributed across 3000+ retail wallets, thus avoiding centralized risks.
On-chain data insights
Cash holdings distribution
- Top 10 holders : Control 33.98% of the supply, indicating a moderate level of concentration.
- Largest holder : Approximately 9% stake (purchased by an early sniper for $3,756, now worth approximately $410,000).
- Distribution structure : 66.02% of the supply is distributed across 3000+ community wallets.
Trading activity
- Trading volume on the first day of release : $17.9 million (peak period)
- In the current 24 hours : 7,394 buy orders ($1.14 million) vs. 3,208 sell orders ($1.26 million).
- Net outflow : Slight selling pressure, but trading activity remains at a healthy level.
Community sentiment analysis
Main narrative
Ecosystem entry tools : The community views the $CHOG airdrop as a low-barrier-to-entry mechanism into the Monad ecosystem, rather than a high-value reward. Phase 1 distribution is of moderate scale, prioritizing ecosystem expansion rather than concentrated rewards to Reddit .
Cultural Mascot Status : $CHOG is positioned as the official mascot of Monad, embodying the community spirit of a high-performance EVM-compatible chain. Discussions were released to celebrate its becoming Monad's first major meme token, coinciding with the overall hype surrounding the network 'mainnet activation on Weex .
KOL Opinions
Influencers generally view $CHOG as a catalyst for Monad growth, emphasizing its community-driven nature. The official @ChogNFT account (96,000 followers) actively posts partner announcements, while @DidiTrading highlights the synergistic effect of Ethos and suggests that builders cultivate a social presence to qualify for x.com .
Exchange listing status
centralized exchanges
- MEXC : Launched on November 27th (Meme+ Zone), withdrawals available on November 28th.
- Major exchanges such as Binance, Bybit, OKX, and Coinbase currently have no plans to list the product.
Decentralized Exchanges
- Uniswap V3 (Monad) : The main trading pair is CHOG/WMON, with liquidity ranging from approximately $144,000 to $271,000.
- Other DEXs include Nad.fun and DYORSwap, with a total liquidity of approximately $150,000.
risk assessment
Opportunity factors
- Strong Community : ChogNFT boasts over 96,000 followers, and its activity can be maintained through dApp integration.
- Ecosystem Status : As the mascot of the Monad chain, it is expected to benefit from the development of the chain ecosystem.
Risk factors
- High volatility : Meme coins generally have a failure rate of up to 90%, and their prices are extremely volatile.
- Whale risk : There is a possibility that 9% of large investors may dump their holdings.
- New Chain Risks : The Monad ecosystem is still in its early stages, and the regulatory outlook is unclear.
Summarize
$CHOG has successfully established itself as the first significant meme token on the Monad chain, achieving a market capitalization exceeding ten million US dollars through a clever airdrop strategy and community marketing. Although currently in a price adjustment period, its positioning as an ecosystem mascot and its extensive community distribution lay the foundation for long-term development. Investors should be aware of the high-risk nature of meme tokens and participate in market transactions rationally.