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Mantle’s MNT Hits New Record High as Bybit Push Drives Liquidity Surge

Bybit expansion plus cross-chain integration drew inflows that lifted price and open interest to records.

Mantle surges 14% in 24 hours: Can MNT break its $1.51 ATH next?
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Overview

  • MNT set a fresh all-time high around $1.68 on Sept. 12 before easing near $1.61, extending a multi-day rally.
  • Open interest climbed to a new peak near $211.8 million, up sharply from last month’s levels as bullish positions accumulated.
  • Bybit’s “MNT × Bybit 2.0” rollout added 21 new spot pairs and a HODL & Earn event with a 60,000 XUSD pool running until Sept. 16, alongside fee discounts and VIP perks for MNT holders.
  • Mantle’s spot volume rose to about $655 million and futures volume jumped 117% to $268 million, while market cap hovered near $5.3 billion and TVL approached $1.8 billion.
  • Analysts flagged overbought signals (RSI above 70 and elevated CCI) and warned of potential pullbacks toward support around $1.22–$1.48 if momentum fades, even as on-chain activity and social metrics strengthened.