Monad development team expands MON public market purchase authorization to $80 million and extends through end of 2026

Techub News, the Monad development team Category Labs tweeted that it has expanded the public market purchase authorization for MON from a maximum of $30 million to $80 million, and extended the execution period from the first half of 2026 to the end of 2026.

Category Labs stated in January this year that it planned to purchase up to $30 million worth of MON tokens on the open market in the first half of 2026.