CHOG NFT on Monad shows some interesting collateral mechanics worth tracking. The listing sits at $700 with a $650 collateral requirement, meaning holders are backing just $50 in potential downside per unit. That's a pretty tight cushion. However, there's been growing chatter about Monad itself—the chain has been displaying weakness lately, which could complicate the stability of any assets built on top of it. If the underlying network continues to show signs of strain, it might ripple through projects relying on its infrastructure and user confidence.