Modular Layer - 2 (L2) network
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MNT Hits All-Time High as Trump-Linked Stablecoin Boosts Mantle Liquidity
Yahoo Finance· 2025-10-06 10:30
Group 1 - MNT, the native token of the Mantle network, has seen a price increase of over 7%, reaching a new all-time high, driven by the deployment of World Liberty Financial's $3 billion USD1 stablecoin on the Mantle network [1][2] - The integration of the USD1 stablecoin has resulted in a 1% increase in Mantle's stablecoin market capitalization over the past week, currently standing at $738 million, which has enhanced on-chain liquidity [2][4] - The demand for MNT is expected to strengthen as on-chain activity increases, supported by a positive price daily active address (DAA) divergence metric at 94.47%, indicating a bullish outlook for the altcoin [5][6] Group 2 - MNT has been trading within an ascending parallel channel since September 6, indicating a consistent rise in buy-side pressure, with the potential for further price appreciation if demand continues [7][8] - The bullish formation suggests that the recent price rally is supported by genuine user demand and network activity rather than speculative trading [6][8]