Key Notes
- WLFI acquired $3 million of MNT tokens, bringing its complete holdings to five.99 million tokens.
- The fund’s common entry worth is $0.834, with the place presently valued at $5.05 million, yielding a slight unrealized revenue.
- MNT surged 8% to $0.84 on Monday, with a 7.5% improve in market cap.
Mantle
MNT
$0.85
24h volatility:
7.8%
Market cap:
$2.84 B
Vol. 24h:
$154.20 M
has seen a notable 8% worth improve, presently buying and selling round $0.84, following a $3 million accumulation by Trump family-backed World Liberty Monetary (WLFI).
Trump’s World Liberty(@worldlibertyfi) spent 3M $USDT to purchase 3.54M $MNT once more ~30 minutes in the past.#WorldLiberty has spent $346M on 11 totally different tokens, with a complete lack of $111M.https://t.co/IzbZt1afkV pic.twitter.com/pxip4mxbiP
— Lookonchain (@lookonchain) March 24, 2025
Earlier on Monday, WLFI acquired 3.539 million MNT tokens for round $3 million. The newest buying has introduced the fund’s complete MNT holdings to five.99 million tokens, with a median entry worth of $0.834. The place is presently value $5.05 million, giving WLFI a slight unrealized revenue on its MNT funding.
Analysts are connecting this main accumulation to Mantle’s upcoming Index Fund and Mantle Banking companies. These initiatives, aimed to draw institutional capital, are probably boosting the token’s demand.
WLFI has been aggressively buying crypto property regardless of posting a $111 million loss from its $343 million funding throughout 11 totally different digital property. Since February’s market correction, the fund has collected $28.6 million value of crypto throughout ETH, WBTC, MOVE, SEI, AVAX, and MNT.
MNT Worth Outlook
Quickly after WLFI’s buy, MNT has seen a 7.5% uptick in its market cap, presently sitting round $2.84. The token’s 24-hour buying and selling quantity has additionally surged by 76%, presently at $147 million.
This surge comes after the token accomplished a deep 0.786 Fibonacci retracement, a technical degree typically considered as a strong entry level for merchants.
On the every day MNT worth chart, the RSI bounced off the bearish management zone and is now sitting at 56, indicating average bullish momentum. Traditionally, MNT tends to oscillate between the bullish and bearish management zones, making the RSI a dependable indicator for its worth actions.
Supply: TradingView
Furthermore, the MACD line has crossed above the sign line, indicating a possible bullish pattern reversal. The histogram can be turning inexperienced. This displays rising upward momentum.
Supply: TradingView
In the meantime, the token is approaching the higher Bollinger Band, signaling elevated volatility. A breakout above this degree may set off additional upside, with the resistance round $0.90. Nonetheless, earlier than that, a vital degree lies across the 50 Exponential Shifting Common at $0.8822.
Mantle has not too long ago launched a $1 million MNT rewards program to spice up its person engagement and complete worth locked (TVL). The marketing campaign encourages customers to work together with Mantle-based dApps, driving exercise on the community.
subsequent
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm info by yourself and seek the advice of with an expert earlier than making any choices primarily based on this content material.
A crypto journalist with over 5 years of expertise within the business, Parth has labored with main media retailers within the crypto and finance world, gathering expertise and experience within the house after surviving bear and bull markets through the years. Parth can be an writer of 4 self-published books.
Parth Dubey on LinkedIn
