World Liberty Financial Acquires MNT Tokens, Price Increases by 8%
Mantle (MNT) Price Update
- MNT price increased by 8%, trading at approximately $0.84.
- World Liberty Financial (WLFI), backed by the Trump family, accumulated $3 million in MNT, totaling 5.99 million tokens at an average price of $0.834.
- WLFI's current MNT position is valued at $5.05 million, showing a slight unrealized profit.
- WLFI has invested a total of $343 million across 11 digital assets, with losses amounting to $111 million.
- WLFI has purchased $28.6 million of crypto since February, including MNT, ETH, and others.
Market Activity
- MNT's market cap rose by 7.5% to around $2.84 after WLFI’s purchase.
- 24-hour trading volume surged by 76%, reaching $147 million.
- MNT completed a deep 0.786 Fibonacci retracement, often seen as a strong entry point for traders.
- The RSI indicates moderate bullish momentum at 56, while the MACD suggests a potential trend reversal.
- The token is nearing the upper Bollinger Band, indicating increased volatility, with resistance seen at $0.90 and a critical level at the 50 EMA of $0.8822.
Mantle has initiated a $1 million rewards program to enhance user engagement and stimulate activity on its platform.