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4h ago

Mantle Hits New All‑Time High as RWA Launch and USD1 Plan Ignite Trading Boom

Record futures positioning contrasts with a steep reduction in big‑holder balances tracked by Nansen.

Mantle’s mnt gains 130% in a month — traders eye $3.62 target
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Overview

  • MNT touched $2.86 on Oct. 9 before easing, with seven‑day gains above 40% and roughly 127% over the past month.
  • Spot activity accelerated, with daily volume peaking near $717 million and market capitalization approaching $8.8 billion.
  • CoinGlass data show open interest at a record ~$507 million with eight straight days of positive funding, signaling bullish futures positioning.
  • Nansen reports 'smart money' holdings fell from about 35.3 million MNT on Sep. 10 to 17.1 million by Oct. 9, even as retail demand absorbed selling.
  • Catalysts include Mantle’s compliance‑first RWA tokenization service unveiled at Token2049, World Liberty Financial’s USD1 stablecoin set to launch on Mantle, and expanded distribution via the Mantle × Bybit roadmap.