World Liberty Financial Acquires 3.54 Million MNT Tokens Post Mantle Upgrade
World Liberty Financial (WLFI) has acquired approximately 3.54 million MNT tokens for nearly $3 million USDC, at an average price of 84 cents each. This purchase follows a major technological upgrade of the Mantle Network.
- WLFI's total holdings now exceed $340 million, including assets like ETH, WBTC, and TRX.
- The acquisition resulted in a paper loss of $111 million for WLFI.
- MNT is the native token for the Mantle Network, used for gas fees and governance.
- The Mantle Mainnet hard fork was implemented on March 19, activating EigenDA, which enhances scalability.
- EigenDA enables 15 MB/s throughput, improving transaction processing capabilities.
- MNT's price increased by 6% to 83 cents at press time.