Preheat oven to 375°F. Generously spray a Bundt pan with cooking spray.
In a large bowl, whisk together the flour, baking powder, salt, and cinnamon.
Cut in cubed butter using a pastry blender or a fork until the butter is the size of small peas.
Pour in milk and stir until combined. Transfer dough to a floured surface and knead for a few seconds to bring dough together.
Add the melted butter to a small bowl. In a separate bowl, combine the granulated sugar, brown sugar, and cinnamon.
Shape the dough into balls about the size of a gumball. Dip each ball into the melted butter, then roll into the cinnamon-sugar mixture and arrange in the prepared pan. Repeat until no dough remains. (Set aside any leftover butter and cinnamon-sugar mixture.)
Bake at 375°F for 20-25 minutes until a toothpick inserted into the biscuits comes out clean. Let cool in the pan for 10 minutes, then gently loosen the monkey bread from the sides of the pan with a knife before turning out onto a serving plate.
Combine the leftover butter and cinnamon-sugar mixture in a small saucepan. Bring to a simmer over medium heat, stirring almost constantly until all sugar is dissolved. Drizzle over monkey bread and serve immediately.
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