What could affect the price of MNT?
Mantle’s price is caught between growing demand from exchanges and risks tied to its token supply.
- Bybit Integration (Positive) – Mantle gains more use as a key token on the Bybit exchange.
- ZK Rollup Upgrade (Mixed) – Faster technology but faces strong competition from other Layer-2 solutions.
- DAO Treasury & Staking (Negative) – Nearly half of Mantle’s tokens are controlled by the DAO, which could lead to uncertainty if large amounts are released.
Deep Dive
1. Bybit’s Role as a “Quasi-Platform Token” (Positive Impact)
Overview:
Bybit, a major crypto exchange, has expanded Mantle’s use to over 20 trading pairs, options trading, and fee discounts (Bybit-Mantle roadmap). Mantle (MNT) is now used for VIP membership levels, as collateral, and to access special investment pools, similar to how Binance’s BNB token grew through exchange use. With Bybit handling over $30 billion in daily trading volume, this could create steady demand for MNT.
What this means:
Tokens linked to exchanges often see price increases as demand grows. For example, BNB’s price surged between 2019 and 2021 due to exchange use. If Mantle captures just 1% of Bybit’s daily volume, it could see over $300 million in daily buying pressure, which is close to its current daily trading volume of $344 million.
2. ZK Rollup Upgrade & Real-World Asset Plans (Mixed Impact)
Overview:
On September 17, 2025, Mantle completed a major upgrade using ZK validity rollups, a technology that speeds up transactions and reduces withdrawal times from 7 days to just 1 hour (Succinct Labs integration). Mantle currently manages over $2 billion in assets and plans to use a USD1 stablecoin linked to Trump-related projects to bring real-world assets (RWAs) onto its platform.
What this means:
Faster transaction finality makes Mantle more attractive to institutional investors. However, it faces stiff competition from other Layer-2 platforms like Polygon and Chainlink, which are also focusing on real-world assets. Additionally, regulatory concerns around the Trump-linked USD1 stablecoin could cause price swings—success might boost assets under management by $10 billion or more, while failure could lead to sell-offs exceeding 30%.
3. DAO Treasury & Staking Risks (Negative Impact)
Overview:
Mantle’s decentralized autonomous organization (DAO) controls 47.8% of all MNT tokens, roughly 1.5 billion tokens. While 69% of the circulating tokens are currently staked (locked up to earn rewards, reducing selling pressure), sudden unlocking of tokens or disagreements within the DAO could lead to large sell-offs (CryptoQuant data).
What this means:
Having nearly half the supply controlled by one group creates risk. If the DAO decides to sell a large portion of its holdings, it could cause sharp price drops. History shows that concentrated token ownership can lead to volatility, as seen with Solana during the FTX crisis.
Conclusion
Mantle’s price will largely depend on how well Bybit grows its platform and how successful Mantle is in attracting real-world assets. However, the large token supply held by the DAO remains a potential risk. Keep an eye on the October 31 APEC summit, as trade talks involving Trump could influence sentiment around the USD1 stablecoin. The big question is: can Mantle’s technology upgrades overcome the risks posed by faster competing Layer-2 solutions?
What are people saying about MNT?
The Mantle (MNT) community is divided between excitement over its potential and worries about centralization. Here’s what’s trending right now:
- Bybit partnership boosts utility expectations – Fee discounts and VIP perks similar to Binance Coin (BNB)
- Price jump sparks $3.60 target predictions – 130% monthly gains come with caution about overbuying
- Control of treasury sparks debate – Nearly half of MNT’s supply locked up, raising concerns about decentralization
Deep Dive
1. @raremints_: Bybit Partnership Mirrors BNB’s Growth (Positive)
“$MNT is moving into a utility phase with Bybit fee discounts, launchpad access, and VIP tiers – now connected to over $30 billion in daily trading volume.”
– @raremints (23K followers · 12K impressions · 2025-10-14 12:00 UTC)
[View original post](https://x.com/raremints/status/1978068495163351415)
What this means: This is good news for MNT because strong exchange partnerships usually increase demand over time (similar to BNB’s growth from 2017 to 2021). Bybit adding 18 new MNT trading pairs could also improve liquidity, making it easier to buy and sell.
2. @btcdemonx: Rapid Price Rise Shows Overheating Signs (Cautiously Positive)
“MNT is up 136% in 30 days with 69% of tokens staked – but the Relative Strength Index (RSI) at 74.98 suggests a possible price correction. Analyst Ali Martinez predicts $3.60 if $2.87 holds.”
– @btcdemonx (89K followers · 45K impressions · 2025-10-09 01:14 UTC)
View original post
What this means: This is cautiously optimistic. A large portion of tokens are staked (locked up), which supports price stability. However, the high RSI indicates the price might be overbought, and a correction could happen. Also, $487 million in derivatives trading means sudden price swings could trigger forced sales.
3. @Ogcrypto_SAGE: Treasury Control Raises Concerns (Negative)
“Almost half of MNT’s supply is held in the Mantle Treasury – is this a protective moat or a risk of centralization? Governance must speed up decentralization.”
– @Ogcrypto_SAGE (11K followers · 6.2K impressions · 2025-10-08 22:29 UTC)
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What this means: This is a long-term concern. If the decentralized autonomous organization (DAO) controls too much supply, it could lead to inflation or manipulation. However, current rules delay token unlocks until 2026, which limits immediate risk.
Conclusion
Opinions on Mantle are mixed. The Bybit partnership is driving real demand and daily trading volume has increased 54% since August. However, concerns about governance and centralization remain. Keep an eye on the staking ratio—if it falls below 60%, it might indicate investors are cashing out. Ultimately, Mantle’s success depends on whether it can grow beyond being just an exchange token into a truly decentralized platform.
What is the latest news about MNT?
Mantle is managing recent price swings with strategic moves and selling pressure. Here’s the latest update:
- Price Drop & Technical Challenges (October 18, 2025) – MNT fell 16%, testing a key support level at $1.45 amid heavy selling.
- Launch of Tokenization Platform (October 2, 2025) – Mantle teamed up to create infrastructure focused on real-world assets (RWAs), attracting institutional interest.
- Stronger Partnership with Bybit (August 29, 2025) – MNT becomes a central part of Bybit’s decentralized finance (DeFi) plans, expanding its use cases.
In-Depth Look
1. Price Drop & Technical Challenges (October 18, 2025)
What happened:
MNT’s price dropped 16% within a day, falling below the important $1.45 support level. Even though retail trading activity reached a seven-month high (according to CryptoQuant), sellers controlled both regular and futures markets. Experts say this drop is due to larger holders gradually selling off, not panic selling.
What it means:
This is a short-term negative signal because the price structure weakened. However, if the price holds at $1.00, which is a key psychological level, a rebound could happen. Traders are watching for signs like short position liquidations or buying pressure that might reverse the downward trend. (AMBCrypto)
2. Launch of Tokenization Platform (October 2, 2025)
What happened:
Mantle introduced a new Tokenization-as-a-Service platform aimed at real-world assets (RWAs). They partnered with World Liberty Financial to onboard a $2 billion USD1 stablecoin. This platform includes tools for compliance, legal support, and integration with DeFi services.
What it means:
This is a positive long-term development. It positions Mantle as a key player in institutional asset tokenization, tapping into a growing market expected to exceed $26 billion. This could increase demand for MNT as both a governance and utility token. (Yahoo Finance)
3. Stronger Partnership with Bybit (August 29, 2025)
What happened:
Mantle and Bybit announced a joint plan to expand MNT’s role in Bybit’s platform. This includes new trading pairs, options trading, and fee discounts. Currently, over 69% of MNT’s circulating supply is staked, which limits how much is available for trading.
What it means:
This is a neutral to positive development. It creates steady demand for MNT through its use on the exchange but also raises concerns about centralization since the Mantle Treasury holds nearly 48% of the supply. The partnership resembles the growth path of Binance Coin (BNB), but success depends on continued user adoption. (@andr_crypto)
Conclusion
Mantle is facing short-term price challenges but is making strategic moves to attract institutional investors through real-world asset tokenization and increasing its role on exchanges. The key question is: Will these real-world asset projects help offset selling pressure, or will technical factors control the price in the near term? Keep an eye on the $1.00 support level and the flow of stablecoins into Mantle’s ecosystem.
What is expected in the development of MNT?
Mantle’s roadmap is focused on connecting traditional finance (TradFi) with decentralized finance (DeFi) through easy-to-use products.
- UR Neobank Global Expansion (Q4 2025–Q1 2026) – Launching physical and virtual cards and expanding UR’s hybrid crypto-fiat banking worldwide.
- MI4 Full Suite Integration (2026) – Combining Mantle Index Four’s tokenized investment fund with UR for automated earning strategies.
- FBTC on Non-EVM Chains (Ongoing) – Bringing the yield-generating Bitcoin wrapper FBTC to Solana and SUI blockchains.
- AI dApp Development (Ongoing) – Creating AI-powered tools to improve liquidity and user experience.
Deep Dive
1. UR Neobank Global Expansion (Q4 2025–Q1 2026)
Overview: UR is Mantle’s crypto-first digital bank currently in beta testing (Q2 2025). It plans to launch worldwide by late 2025, offering both virtual and physical debit cards. UR aims to combine traditional money (fiat) and cryptocurrencies in one platform, allowing users to receive salaries as tokens, automatically invest in MI4, and take loans using crypto assets like mETH as collateral. Built on Mantle Network’s advanced ZK-rollup technology, UR is designed for smooth international transactions.
What this means: This is positive for Mantle (MNT) because UR could bring millions of new users into the Mantle ecosystem, increasing demand for MNT tokens used for transaction fees and governance. However, regulatory challenges in different countries could pose risks.
2. MI4 Full Suite Integration (2026)
Overview: Mantle Index Four (MI4) is a $400 million tokenized fund that includes Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and staked assets. By 2026, MI4 will be integrated into UR, allowing users to automatically invest funds into MI4 for passive income. These tokens will be tradable on the Mantle Network.
What this means: This development is somewhat positive. MI4 could attract institutional investors, but its success depends on the overall crypto market and Mantle’s ability to handle large trading volumes.
3. FBTC on Non-EVM Chains (Ongoing)
Overview: Mantle is expanding FBTC, a Bitcoin wrapper that earns yield, to blockchains beyond Ethereum-compatible ones (EVM chains), specifically Solana and SUI. FBTC already holds $1.2 billion in total value locked (TVL) on EVM chains, and this move broadens its use in decentralized finance (DeFi) across different networks.
What this means: This is good news for MNT’s goal of interoperability—working across multiple blockchains. However, competition from Bitcoin’s own layer 2 solutions could limit FBTC’s growth.
4. AI dApp Development (Ongoing)
Overview: MantleX AI is developing decentralized applications (dApps) that use artificial intelligence to improve liquidity management and user engagement. This includes gathering data and supporting developers through grants.
What this means: This is a long-term initiative. While promising, it may take years before AI tools significantly impact MNT’s usefulness.
Conclusion
Mantle’s roadmap emphasizes practical applications like UR and MI4 to attract everyday users, while also pushing technical innovation with cross-chain FBTC and AI tools. The project’s success will depend on how well it executes these plans amid strong competition in layer 2 solutions and evolving regulations. The big question remains: can Mantle’s hybrid approach to traditional and decentralized finance appeal to users beyond the crypto community?
What updates are there in the MNT code base?
Mantle’s latest updates focus on zero-knowledge (ZK) proofs, integrating EigenDA for data storage, and staying compatible with Ethereum.
- ZK Rollup Upgrade (September 17, 2025) – Switched from optimistic rollups to ZK rollups, speeding up withdrawal times.
- Skadi Fork Support (August 27, 2025) – Added features from Ethereum’s Prague upgrade.
- EigenDA Mainnet Launch (March 7, 2025) – Replaced MantleDA with EigenDA to lower data storage costs.
Deep Dive
1. ZK Rollup Upgrade (September 17, 2025)
What happened: Mantle moved from optimistic rollups to zero-knowledge (ZK) rollups. This change cuts withdrawal times from 7 days down to just 1 hour.
ZK rollups use cryptographic proofs to verify transactions instantly, removing the need for waiting periods tied to fraud checks. This upgrade keeps Mantle fully compatible with Ethereum’s virtual machine (EVM), so decentralized apps (dApps) continue to work smoothly.
Why it matters: Faster transaction finality means a better experience for users and traders. Plus, ZK technology helps Mantle scale efficiently, making it a strong Layer 2 (L2) solution.
(Source)
2. Skadi Fork Support (August 27, 2025)
What happened: Mantle’s version 1.3.2 update added support for Ethereum’s Prague upgrade, including new features like EIP-7251 (stake pooling) and an improved API for zero-knowledge proof (ZKP) generation.
The new optimism_safeHeadAtL1Block API helps nodes create proofs faster by accessing the latest Ethereum mainnet block.
Why it matters: This update keeps Mantle aligned with Ethereum’s ongoing improvements, ensuring long-term compatibility. While node operators need to update their software, developers get better tools for cross-chain functionality.
(Source)
3. EigenDA Mainnet Launch (March 7, 2025)
What happened: Mantle replaced its own MantleDA data storage system with EigenDA, a decentralized data availability layer from EigenLayer. This change cuts Layer 1 storage costs by about 90%.
The upgrade included deploying an EigenDA Proxy to speed up data caching and increasing the maximum data blob size to 4MB.
Why it matters: Lower data storage costs mean cheaper transaction fees, making Mantle more competitive against other L2s like Arbitrum and Optimism. EigenDA’s growing use by institutions could also attract more real-world asset (RWA) projects to Mantle.
(Source)
Conclusion
Mantle’s recent updates highlight a clear focus on scalability, cost efficiency, and Ethereum compatibility. By adopting ZK proofs, integrating EigenDA, and supporting Ethereum’s latest upgrades, Mantle is positioning itself as a strong, modular Layer 2 platform ready for both everyday users and institutional projects. The question now is whether MNT can leverage these improvements to outperform more traditional, monolithic L2 solutions.
Why did the price of MNT fall?
Mantle (MNT) dropped 4% in the last 24 hours, underperforming Bitcoin (+1.12%) and Ethereum (+5%). Here are the three main reasons:
- Altcoin selloff – Investors are moving money from altcoins to Bitcoin due to market uncertainty.
- Technical breakdown – Mantle’s price fell below a key support level at $1.45, triggering automatic sell orders.
- Derivatives pressure – Many traders with leveraged long positions were forced to sell as market sentiment turned negative.
In-Depth Analysis
1. Market-Wide Altcoin Weakness (Negative Impact)
Summary:
The crypto Fear & Greed Index is at 30/100, indicating “Fear” in the market. This is pushing investors toward Bitcoin, which now holds a dominance of 58.99%. Over the past 30 days, altcoins have dropped about 7.08%, with Mantle falling even more sharply at 15% in the last week.
What this means:
When the market feels uncertain, traders tend to sell riskier altcoins and move funds into Bitcoin, which is seen as more stable. Mantle’s price movement is closely linked to Ethereum, which also dropped 4.4% recently, making Layer-2 tokens like Mantle more vulnerable.
Watch this: If Bitcoin’s price falls below $110,000, altcoins like Mantle could face further declines.
2. Technical Breakdown & On-Chain Activity (Negative Impact)
Summary:
On October 18, Mantle’s price fell below $1.45, a key support level that had held since September (source). Data from the blockchain shows more sellers than buyers, with a significant increase (18%) in Mantle tokens moving to exchanges, indicating profit-taking.
What this means:
Dropping below $1.45, a psychological support point, changed market sentiment to bearish. While smaller investors kept buying, large holders (whales) were selling off. The 30-day moving average at $1.90 is now acting as a resistance level.
Key level to watch: If Mantle closes below $1.20 (which corresponds to a 78.6% Fibonacci retracement), it could fall further toward $1.00.
3. Derivatives Market Pressure (Mixed Impact)
Summary:
The total open interest (the value of active contracts) for Mantle futures dropped by 6.48% in 24 hours as traders with leveraged long positions closed out. Before this drop, funding rates were positive, meaning many traders were betting on price increases.
What this means:
High leverage (around 25 times on Bybit exchange) made losses bigger when prices fell, causing a chain reaction of forced liquidations. However, this clearing of positions might lead to a short-term price rebound if new buyers step in.
Conclusion
Mantle’s recent price drop is due to a combination of overall altcoin weakness, breaking key technical support, and forced selling in leveraged markets. Although the Relative Strength Index (RSI) at 48.93 suggests the coin is oversold and may bounce back, a sustained recovery depends on Bitcoin stabilizing and Mantle reclaiming the $1.45 level.
What to watch: Can Mantle maintain support at $1.20 despite increasing tokens moving to exchanges? Keep an eye on order book activity for signs that buyers are stepping in.