MONA (Monavale / DIGITALAX)
Summary
MONA is the native ERC-20 governance and utility token of DIGITALAX, a Web3 digital fashion NFT platform founded by Emma-Jane MacKinnon-Lee and launched in November 2020. The token reached an all-time high of approximately $5,980 in November 2021 before collapsing more than 99% to trade below $50, with a total market capitalisation under $500,000 as of mid-2026. Third-party security assessors flag critically low liquidity, extreme holder concentration, a below-average security score, and a near-total absence of trading activity, collectively indicating a project in terminal decline.
Connected Entities
2 entities- + 2 more
Timeline(11 events)
2020-11-02
DIGITALAX Genesis Period begins; MONA token generation commences on the Ethereum network.
2020-11-21
DIGITALAX main token sale concludes at approximately $0.05 per MONA token.
2020-12-06
MONA token generation event formally completed.
2021-03-20
MONA reaches an early all-time high of approximately $2,840.70, driven by NFT market enthusiasm.
2021-11-16
MONA reaches its absolute all-time high of approximately $5,980.87, coinciding with the broader crypto and NFT bull market peak.
2021-12-09
MONA token listed on CertiK Skynet security monitoring platform.
2022-02-15
DIGITALAX receives a grant round nominally valued at $100, representing the only identified external funding event post-launch.
2022-10-01
CertiK completes a security audit of DIGITALAX smart contracts, assigning a partial Skynet score of 61.66 (grade B).
2023-01-01
MONA token price has declined approximately 98% from all-time high; marketplace volume and NFT activity sharply reduced from 2021 peak levels.
2025-09-01
MONA reaches an all-time low of approximately $19.58, representing the deepest point of its post-ATH decline.
2026-05-01
MONA trading at approximately $40-80 with 24-hour volume as low as $3; total market cap under $500,000. ZachXBT flags MONA. Third-party assessors assign safety scores of 27-47%, citing liquidity failure, holder concentration, and team transparency concerns.
Decision Log
- hash: 9g2UKGmUvKE8bLnd24792JMmsuVA97fb5JF8r5Sphm8U
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:12 AM
last updated: 5/29/2026, 2:53:03 AM
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