Overview
- MNT notched a new all-time high around $2.86 on Oct. 9 after a roughly 125–130% monthly surge, with the token still trading near cycle peaks.
- Trading activity accelerated as daily volume climbed into the $700–$800 million range and market cap approached $8.8 billion, helped by broader distribution through Bybit.
- CoinGlass data show futures open interest hit a record near $507 million, funding stayed positive for eight straight days, and the long/short ratio hovered around 1.07.
- Mantle unveiled a compliance-focused Tokenization-as-a-Service for real-world assets at Token2049, and World Liberty Financial confirmed its USD1 stablecoin (about $2.6 billion market cap) will launch on the network.
- Nansen tracked a drop in ‘smart money’ holdings from 35.31 million MNT to 17.06 million over the past month, while technicals flagged overbought conditions and a possible short-term pullback if support levels give way.