🚨 Trump’s Crypto Cash Splash! 🤑

by

Mantle 🦙
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) 🤑. Because, you know, $3 million is just pocket change for the Trumps 🙄.

Trump’s World Liberty (@worldlibertyfi) spent 3M $USDT to buy 3.54M $MNT… again ~30 mins ago. 🕰️ #WorldLiberty has spent $346M on 11 different tokens, with a face-palm total loss of $111M 🤦‍♂️.

— Lookonchain (@lookonchain) March 24, 2025

Earlier on Monday, WLFI acquired 3.539 million MNT tokens for around $3 million. The latest shopping spree 🛍️ has brought the fund’s 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 🤑.

Analysts are connecting this major accumulation to Mantle’s upcoming Super-Duper Index Fund and Mantle Banking services 🤩. These initiatives, aimed to attract institutional capital, are potentially boosting the token’s demand 🚀.

WLFI has been aggressively purchasing crypto assets despite posting a YIKES $111 million loss from its $343 million investment across 11 different digital assets 🤯. Since February’s market correction, the fund has accumulated $28.6 million worth of crypto across ETH, WBTC, MOVE, SEI, AVAX, and MNT 🤑.

MNT Price Outlook 🤔

Soon after WLFI’s purchase, MNT has seen a WHOPPING 7.5% uptick in its market cap, currently sitting around $2.84 🚀. The token’s 24-hour trading volume has also surged by a whopping 76%, currently at $147 million 📈.

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 💰.

On the daily MNT price chart, the RSI bounced off the bearish control zone and is now sitting at 56, indicating MODERATELY BULLISH momentum 🐂. Historically, MNT tends to oscillate between the bullish and bearish control zones, making the RSI a RELIABLE SIDEKICK for its price movements 🤝.

Source: TradingView 📊

Moreover, the MACD line has crossed above the signal line, indicating a potential BULLISH TREND REVERSAL 🔄. The histogram is also turning GREEN MACHINE 🌿. This reflects growing upward momentum 🚀.

Source: TradingView 📊

Meanwhile, the token is approaching the upper Bollinger Band, signaling INCREASED VOLATILITY 🌪️. A breakout above this level could trigger further upside, with the resistance around $0.90 🔝. However, before that, a crucial level lies around the 50 Exponential Moving Average at $0.8822 📍.

Mantle has recently launched a $1 MILLION MNT rewards program to boost its user engagement and total value locked (TVL) 🤑. The campaign encourages users to interact with Mantle-based dApps, driving activity on the network 🚗.

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2025-03-24 23:30