MNT, the native token of Mantle Network, surged by 12% in the last 24 hours, now trading at $0.8578. This rise comes amid a broader cryptocurrency market decline.
Mantle Network, formerly BitDAO, leverages Layer-2 technology to scale Ethereum and supports GameFi applications. Known for its Optimistic Rollup (ORU) and EVM compatibility, Mantle’s market cap is around $2.8 billion, ranking it 31st globally.
Notably, MNT’s trading volume increased by 12.7%, reaching $240 million. Active addresses for MNT transactions rose by 19% this week, with new addresses up by 15%. Large holders, or whales, have increased their net flow by 134%, indicating strong accumulation.
This heightened interest and activity suggest growing demand, positioning Mantle Network for future value appreciation and strategic importance in the crypto space.
