Marinade MNDE

What MNDE actually is on-chain

Marinade is an SPL token deployed on Solana, at contract address MNDEFzGvMt87ueuHvVU9VcTqsAP5b3fTGPsHuuPA5ey. That address, not the ticker MNDE, is what uniquely identifies this asset: anyone can deploy a second token calling itself MNDE, but the contract is unforgeable. Verify it against solscan.io before sending funds or approving a spend.

On Solana the token account model means MNDE is held in an associated token account derived from the mint above, and a wallet has to be rent-funded in SOL before it can receive the token at all. Fees are a fraction of a cent, so the cost of trading MNDE is dominated by pool slippage in Raydium and Orca pools, not by gas — the opposite of the EVM case.

For MNDE the project publishes a public source repository and an active account as @marinadeFinance. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where MNDE sits in the market

At #1183, Marinade is in the upper small-cap band. Books at this depth are thin enough that one sizeable market order can move the printed price by several percent and retrace within minutes, which is precisely why a single static price target makes a poor trigger — you want a condition that survives one wick. Availability is concentrated in a handful of venues and volume-based delisting is a live risk rather than a theoretical one.

CryptoPingAi is currently streaming 2 live MNDE order books (Gate.io, HTX). That is coverage in line with a #1183 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. None of the books we see for MNDE are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

MNDE against its all-time high

MNDE is more than 95% below its all-time high of $1.64 (on 2021-10-09) — a 67.8x gap. At this point the record has essentially no analytical value: it belongs to a different supply structure, a different holder base and often a different market cycle. The useful reference for MNDE is the downside, not the peak, so the range section below matters more than this one. It was set 5 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

MNDE across its historical range

The recorded range runs 94.9x, from $0.0173 to $1.64 — wide by the standards of traditional assets, moderate for this one's class.

MNDE is within 40.0% of its all-time low of $0.0173, printed on 2026-03-30. This is the part of a chart with no history: there is no prior trading below this level, so there is no support to reference, no volume shelf and no cost-basis cluster to lean on. Because that low is itself recent, the asset is in an active downtrend rather than sitting at an old floor — each new low invalidates the previous one as a reference.

MNDE supply and valuation data

Marinade sits just outside the band where circulating and total supply are independently verified, so we hold a valuation figure for MNDE but not an audited token count. What we do have is a fully diluted valuation of $14.7 million as of 2026-05-12. That is in the upper quartile of tracked assets by fully diluted value.

Because that valuation is a snapshot rather than a live figure, we deliberately do not back out a supply number from it — the price has moved since, and the division would produce a confident-looking token count that is simply wrong. Check the project's own explorer for the current supply before using any per-token valuation. The authoritative figure is the one solscan.io reports for this contract.

What kind of asset MNDE is

Marinade is a DeFi protocol token, which ties it to total value locked and to the interest-rate environment on-chain. These assets carry a beta to the market plus a second exposure that is easy to miss: protocol risk. A contract exploit or an oracle failure repriced instantly and independently of any market move, and that tail is a real component of holding the token.

CoinGecko files MNDE under 4 categories, including Decentralized Finance (DeFi), Solana Ecosystem, Liquid Staking Governance Tokens, Liquid Staking. CoinGecko also records deployments on Solana (3,129 tracked tokens), so its on-chain liquidity and its user base move with that network.

How to set a Marinade alert that is worth receiving

Marinade is the SPL token at MNDEFz…A5ey on Solana — quoted on 2 venues we stream — high dated 2021-10-09 — rank #1183. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →