Mantle ๐ฆ
MNT $0.85
24h volatility: 7.7%
Market cap: $2.85 B
Vol. 24h: $169.05 M
has seen a WOWZA 8% price increase, currently trading around $0.84, following a measly $3 million accumulation by Trump family-backed World Liberty Financial (WLFI) ๐ค. Because, you know, $3 million is just pocket change for the Trumps ๐.
Trumpโs World Liberty (@worldlibertyfi) spent 3M $USDT to buy 3.54M $MNT… again ~30 mins ago. ๐ฐ๏ธ #WorldLiberty has spent $346M on 11 different tokens, with a face-palm total loss of $111M ๐คฆโโ๏ธ.
โ Lookonchain (@lookonchain) March 24, 2025
Earlier on Monday, WLFI acquired 3.539 million MNT tokens for around $3 million. The latest shopping spree ๐๏ธ has brought the fundโs total MNT holdings to 5.99 million tokens, with an average entry price of $0.834. The position is currently worth $5.05 million, giving WLFI a teeny-tiny unrealized profit on its MNT investment ๐ค.
Analysts are connecting this major accumulation to Mantleโs upcoming Super-Duper Index Fund and Mantle Banking services ๐คฉ. These initiatives, aimed to attract institutional capital, are potentially boosting the tokenโs demand ๐.
WLFI has been aggressively purchasing crypto assets despite posting a YIKES $111 million loss from its $343 million investment across 11 different digital assets ๐คฏ. Since Februaryโs market correction, the fund has accumulated $28.6 million worth of crypto across ETH, WBTC, MOVE, SEI, AVAX, and MNT ๐ค.
MNT Price Outlook ๐ค
Soon after WLFIโs purchase, MNT has seen a WHOPPING 7.5% uptick in its market cap, currently sitting around $2.84 ๐. The tokenโs 24-hour trading volume has also surged by a whopping 76%, currently at $147 million ๐.
This surge comes after the token completed a deep 0.786 Fibonacci retracement, a technical level often viewed as a SOLID GOLD entry point for traders ๐ฐ.
On the daily MNT price chart, the RSI bounced off the bearish control zone and is now sitting at 56, indicating MODERATELY BULLISH momentum ๐. Historically, MNT tends to oscillate between the bullish and bearish control zones, making the RSI a RELIABLE SIDEKICK for its price movements ๐ค.
Source: TradingView ๐
Moreover, the MACD line has crossed above the signal line, indicating a potential BULLISH TREND REVERSAL ๐. The histogram is also turning GREEN MACHINE ๐ฟ. This reflects growing upward momentum ๐.
Source: TradingView ๐
Meanwhile, the token is approaching the upper Bollinger Band, signaling INCREASED VOLATILITY ๐ช๏ธ. A breakout above this level could trigger further upside, with the resistance around $0.90 ๐. However, before that, a crucial level lies around the 50 Exponential Moving Average at $0.8822 ๐.
Mantle has recently launched a $1 MILLION MNT rewards program to boost its user engagement and total value locked (TVL) ๐ค. The campaign encourages users to interact with Mantle-based dApps, driving activity on the network ๐.
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2025-03-24 23:30