Altcoins today: Monad rallies 60%; PONKE and QUICK plunge on Binance delisting

  • Monad maintains a bullish momentum after a strong mainnet launch and ecosystem integrations.
  • Binance Futures will delist PONKE, SWELL, and QUICK on November 28.
  • The three altcoins brace for intensified volatility in the coming few sessions.

The digital currency market is performing relatively well on Tuesday, with the value of all cryptocurrencies testing the $3 trillion mark after 2% surge in the past 24 hours.

Meanwhile, analysts are now forecasting substantial rebounds after today’s US PPI indicated cooling inflation and chances of the Fed lowering interest rates during the December meeting.

This article evaluates three tokens that remained in the limelight over the past 24 hours.

New Monad steals the show

The Layer 1 Monad has been in the spotlight amid its highly anticipated mainnet and token release, which happened yesterday, on November 24.

Meanwhile, native token MON has surprised analysts and traders.

Experts had forecasted bearish performance for the new token, citing previous trends and broader market weakness.

Indeed, most projects suffer immense selling pressure after official launches as the community locks profits after giveaways/airdrops.

However, the story is different for MON. The alt saw a brief decline after launch, hitting an intraday low of $0.02252.

However, continued excitement as leading projects like PancakeSwap and Solana revived optimism on the project, catalysing notable bounce-backs overnight.

The asset is now exchanging hands at $0.03931 after an over 60% gain on the 24-hour timeframe.

MON’s daily trading volume has skyrocketed by more than 4,700% to $1.11 billion.

That signals robust interest in the $424 million market-cap project.

Though the L1 sector could appear saturated, Monad’s EVM-compatibility perks and transaction settlement of up to 10,000 TPS (transactions per second).

Indeed, this developer familiarity and massive throughput positioned MON as a technically promising new player in the Layer 1 landscape.

Binance to delist PONKE, QUICK, and SWELL contracts

While the Monad community buzzed with optimism, Binance Futures rattled the altcoin space with a crucial announcement.

The team took it to X to confirm removing perpetual contracts of PONKE, QUICK, and SWELL on Friday, November 28, adding:

“The contracts will be delisted after the settlement is complete.

As anticipated, the mentioned tokens turned bearish after the announcement.

The trio plunged by over 5% in the past day.

While they are displaying resilience, possibly due to prevailing improved broader sentiments, the next few sessions, until November 28, look poised for overwhelming volatility.

The team warned about intensified fluctuations, thinned liquidity, and increased liquidation risks during the final hour before the last settlement. They said:

Users are strongly advised to actively monitor and manage open positions during the final hour, as the period may be subject to heightened volatility and reduced liquidity.

Meanwhile, Binance has urged users with active positions to close them before the listing time, Friday at 09:00 UTC, or face automatic settlement.

Moreover, individuals will no longer open new positions on the three contracts starting November 28 at 08:30 UTC.

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Sui’s RWA adoption expands with R25 protocol tokens: a boost to SUI price?

  • Sui’s price rose 12% to trade above $1.50 as altcoins looked to bounce.
  • R25 Protocol deployed its real-world asset tokens on the Sui blockchain.
  • Decentralized finance and tokenization are key market segments for Sui network growth.

The price of Sui rose on Tuesday as altcoins mirrored slight gains for Bitcoin, with the SUI token hitting intraday highs of $1.56 amid a key network development.

On November 24, the R25 protocol and Sui announced the launch of two real-world asset-backed tokens on Sui. The SUI price, which hovered at lows of $1.36, broke higher amid the news.

As of November 25, 2025, this development has added to catalysts such as spot ETF enthusiasm and Fed rate cut optimism to help the token hold above $1.50.

With RWAs a huge trend across the market, could R25’s launch catalyze renewed investor interest in the Sui price?

R25 protocol launches RWA-supported tokens on Sui

The R25 protocol, a specialized platform for tokenizing institutional-grade financial instruments, has officially debuted on Sui. In particular, R25 has introduced two innovative tokens: rcUSD and rcUSDp.

As announced via a blog post, this launch marks a significant milestone in embedding regulated real-world assets into decentralized ecosystems. rcUSD is an RWA-supported token while rcUSDp is a  yield-bearing token.

The latter maintains a stable value pegged at 1 USD and represents a yield-generating stablecoin backed by a diversified portfolio of tokenized money market funds and compliant stablecoins.

Meanwhile, rcUSDp serves as a yield-bearing receipt token.

It’s created by staking rcUSD within the protocol, and holders earn dual rewards: passive income from the RWA portfolio’s interest-bearing instruments and additional incentives from Sui’s native staking mechanisms.

Launch could bolster Sui’s DeFi primitives, including lending pools and automated market makers.

“This is a major step in bridging traditional finance with blockchain infrastructure, opening secure new pathways for Asia’s massive amounts of institutional capital to flow onchain,” said Christian Thompson, managing director of the Sui Foundation. “We’re excited to start our work with R25 to support their mission to bring institutional-grade RWA yield tokens to the onchain economy.”

Sui and R25 integration: boost for SUI price?

Sui’s growth includes the bridging of traditional finance and DeFi.

Its total value locked in DeFi hit $4.3 billion in October. While it plummeted to under $2 billion amid the recent crypto market crash, market dynamics suggest fresh institutional capital flows could boost traction further.

Sui Price Chart
Sui price chart by TradingView

The network maturity goes beyond institutional access, with gaming and AI agents also a big part of the protocol’s growth.

In this case, the R25 protocol’s rollout may catalyse gains amid broader crypto headwinds.

RWA expansion means institutional inflows, network utility, and potentially token demand. Metrics such as TVL and stablecoin market cap growth will signal this growth.

Short-term, SUI price could eye $1.70, a key previous support level. If bullish momentum persists, the $2.00 and $2.22 will attract fresh bullish bets.

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