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Why did the price of MNT fall?

Mantle (MNT) dropped 4.64% in the last 24 hours, underperforming the overall crypto market, which fell 1.27%. The main reasons for this decline include:

  1. Market-Wide Caution – Investors are feeling nervous (Fear & Greed Index at 39), and altcoins like MNT are being sold off more heavily.
  2. Weakness in Layer-2 Tokens – Layer-2 (L2) tokens fell 4.46% as Ethereum (ETH) slipped below $4,000, pulling MNT down with it.
  3. Technical Signals Turning Negative – MNT’s price dropped below important moving averages ($1.66 for 7-day, $1.89 for 30-day), indicating bearish momentum.
  4. Profit-Taking After Recent Gains – MNT had a strong 37% rally over the past 60 days, so some traders are cashing out amid uncertain market conditions.

Deep Dive

1. Market-Wide Caution (Negative Impact)

Overview:
The crypto market fell 1.27%, influenced by ongoing U.S.-China trade tensions and concerns about a possible government shutdown. The Fear & Greed Index shows fear dominating at 39, leading to heavier selling of altcoins like MNT.

What this means:

2. Weakness in Layer-2 Tokens (Negative Impact)

Overview:
Layer-2 tokens dropped 4.46% as Ethereum’s price fell 2.5% to $3,839. Mantle (MNT) declined 5.43%, underperforming some peers like Hedera, which gained 6.05%.

What this means:

3. Technical Signals Turning Negative (Bearish Impact)

Overview:
Mantle’s price fell below its 7-day simple moving average (SMA) of $1.66 and 30-day SMA of $1.89. Technical indicators like the MACD histogram (-0.025) and RSI (40.8) suggest downward momentum.

What this means:

Conclusion

Mantle’s recent price drop is due to a combination of broader market caution, weakness in the Layer-2 sector, and negative technical signals. Despite this, MNT’s strong 37% gain over the past 60 days remains intact. Traders should watch the $1.56 support level closely, as well as Ethereum’s ability to stay above $4,000.

Key point to watch: Will Mantle’s upcoming 5-month hackathon (Oct 22–Feb 26) boost developer activity and help stabilize its Total Value Locked?

{{technical_analysis_coin_candle_chart}}


What could affect the price of MNT?

Mantle combines exchange-driven use cases with innovative technology upgrades.

  1. Bybit Partnership – Stronger exchange integration could boost demand (positive)
  2. ZK Rollup Upgrade – Mainnet improvements increase efficiency (mixed effects)
  3. Treasury Supply Risks – Nearly half the tokens held by treasury may cause volatility (negative)

In-Depth Look

1. Bybit Partnership (Positive Outlook)

What’s happening:
Mantle has teamed up with Bybit, the world’s third-largest crypto exchange by trading volume. This partnership includes features like Launchpool, OTC trading, and structured financial products. Mantle’s token (MNT) is used as collateral, for fee discounts, and to earn yields (Bybit partnership).

Why it matters:
This integration could create a cycle similar to Binance Coin (BNB): more ways to use MNT lead to more tokens being staked (currently 69% of supply is locked), which reduces the number of tokens available to sell. With Bybit handling over $30 billion in daily trades, this could provide strong support for MNT’s liquidity and price if adoption grows.

2. ZK Rollup Upgrade (Mixed Outlook)

What’s happening:
On September 17, Mantle completed a major upgrade called the OP Succinct migration, making it the largest ZK rollup by total value locked (TVL) at $2 billion. This upgrade cut withdrawal times from 7 days down to just 1 hour (Succinct integration).

Why it matters:
Faster transaction finality benefits decentralized finance (DeFi) and real-world asset (RWA) applications. However, zero-knowledge (ZK) rollup technology is still new, and competitors like zkSync and Starknet have larger developer communities. Mantle’s low transaction proving cost ($0.002 per transaction) is competitive, but long-term success depends on growing its user and developer base.

3. Treasury Token Supply Risks (Negative Outlook)

What’s happening:
The Mantle Treasury controls 47.8% of the total 6.22 billion MNT tokens. While recent governance proposals, such as MIP-23, have burned 3 billion tokens to reduce supply, the large concentration of tokens in the treasury raises concerns about centralization.

Why it matters:
Holding nearly half the token supply means the treasury could flood the market if it releases tokens aggressively, putting downward pressure on price. On the other hand, carefully planned token burns and controlled spending could help manage inflation and support price stability.

Summary

Mantle’s future price depends on balancing strong exchange-driven demand with challenges from Layer 2 competitors and treasury management. The Bybit partnership offers immediate growth potential, while the ZK rollup upgrade and focus on real-world assets could drive gains over the next 6 to 12 months. Keep an eye on the Mantle Global Hackathon results in February 2026 and how the treasury manages its token supply—these factors could determine if MNT breaks above $2 or faces resistance near $1.80.

Will Mantle’s exchange partnerships outweigh the risks from its large treasury holdings?

{{technical_analysis_coin_candle_chart}}


What are people saying about MNT?

The Mantle (MNT) community is actively discussing its potential as a Layer 2 (L2) blockchain solution, weighing the benefits of its partnership with Bybit against concerns about token supply risks. Here’s the summary:

  1. Bybit partnership sparks excitement about Mantle’s utility, similar to BNB’s success
  2. Growing interest in Mantle’s modular L2 technology backed by on-chain activity
  3. Crossing $1 billion in decentralized exchange (DEX) trading volume shows strong ecosystem growth
  4. Concerns arise over centralized treasury control and rapid price increases

Deep Dive

1. Bybit Partnership Boosts Utility Potential

@raremints_ highlights that Mantle’s integration with Bybit is driving optimism, comparing it to Binance Coin’s (BNB) rise.
"MNT is entering a major utility phase... trading fee discounts, higher leverage, VIP perks. Echoing BNB’s trajectory."
– @raremints (14.1K followers · 42K impressions · 2025-10-14 12:00 UTC)
[View original post](https://x.com/raremints/status/1978068495163351415)

What this means: This is a positive sign for Mantle. Bybit’s large daily trading volume (over $30 billion) could increase demand for MNT tokens, similar to how Binance’s exchange boosted BNB’s value and use.

2. Modular Layer 2 Technology Gains Momentum

@MrMinNin points out strong growth in user activity and transactions, suggesting Mantle’s modular L2 approach with EigenDA technology could lead the next wave of blockchain scaling solutions.
"Active addresses +56% MoM, whale transactions up 10×... Modular L2 with EigenDA could lead the next wave."
– @MrMinNin (8.3K followers · 27K impressions · 2025-10-22 18:13 UTC)
View original post

What this means: If Mantle continues to meet Ethereum’s demand for scalability, it could see significant growth. The current bridged total value locked (TVL) of $1.84 billion and increasing decentralized exchange activity support a price range of $1.60 to $2.00 per MNT token.

3. $1 Billion DEX Trading Volume Milestone

@Mantle_Official announced that Mantle’s decentralized exchanges have surpassed $1 billion in cumulative trading volume, marking a new record for the ecosystem.
"Cumulative trading volume crosses 1B+ on Mantle DEXs – a new ecosystem record."
– @Mantle_Official (391K followers · 189K impressions · 2025-10-21 15:03 UTC)
View original post

What this means: This milestone confirms real user engagement and growing activity within Mantle’s ecosystem. The increase in native TVL to $244 million and expanding decentralized finance (DeFi) projects reduce dependence on assets bridged from other blockchains.

4. Centralization and Price Volatility Concerns

@btcdemonx raises caution about the risks tied to Mantle’s token supply and price behavior.
"47.8% supply held by Treasury... parabolic 136% monthly gain raises correction risks."
– @btcdemonx (22.4K followers · 37K impressions · 2025-10-09 01:14 UTC)
View original post

What this means: Nearly half of the MNT supply is controlled by the project’s treasury, which could lead to centralized decision-making. Additionally, a rapid 136% price increase in one month suggests the possibility of a price correction. High staking rates (69% of circulating supply) limit liquidity, which can increase price swings.

Conclusion

The outlook for Mantle is mixed. On one hand, the Bybit partnership and innovative modular L2 technology are driving positive momentum and attracting investors. On the other hand, concerns about centralized token control and recent sharp price gains suggest caution. Key levels to watch include the $1.40 support price—if it falls below this, some investors might take profits. However, if total value locked (TVL) continues to grow beyond $2 billion, it could support Mantle reaching or exceeding the $2 price target.


What is the latest news about MNT?

Mantle is navigating a volatile market while continuing to grow its ecosystem. Here are the key updates:

  1. Layer 2 Sell-Off (October 28, 2025) – MNT dropped 5.4% amid a broader sell-off in Layer 2 tokens.
  2. Global Hackathon Launch (October 22, 2025) – A $150,000 prize pool was announced to encourage innovation.
  3. DEX Milestone (October 21, 2025) – Mantle decentralized exchanges (DEXs) surpassed $1 billion in total trading volume.

Deep Dive

1. Layer 2 Sell-Off (October 28, 2025)

Overview:
Mantle’s price fell 5.43% to $1.64 as many Layer 2 tokens experienced selling pressure. This drop was larger than Bitcoin’s 1% decline and Ethereum’s 2.5% decline. Experts say this was likely due to investors taking profits after MNT’s strong 38% rally over the past 60 days, along with a general decrease in risk appetite for alternative cryptocurrencies.

What this means:
This short-term price drop shows some rotation in the market, but Mantle’s core strengths remain solid. Traders are closely watching the $1.50 price level, which has acted as support since mid-October. (CryptoNews)

2. Global Hackathon Launch (October 22, 2025)

Overview:
Mantle kicked off a five-month global hackathon aimed at developing solutions involving real-world assets (RWA), decentralized finance (DeFi), and cross-chain technology. Winners will get access to Mantle’s treasury, which holds over $5 billion, to help launch their projects.

What this means:
This is a positive sign for Mantle’s long-term growth, as it encourages developers to build useful applications on the network. However, since the hackathon runs over several months, the impact on the ecosystem will take time to become clear. (CoinJournal)

3. DEX Milestone (October 21, 2025)

Overview:
Mantle’s decentralized exchanges have now processed over $1 billion in total trading volume. This growth was supported by liquidity incentives and the introduction of GMX’s MNT perpetual swaps.

What this means:
This milestone is a neutral to positive indicator. Increased trading activity shows the ecosystem is expanding, but total value locked (TVL) in the network has dropped 8% month-over-month. It will be important to see if trading volume remains strong after incentives end. (Mantle)

Conclusion

Mantle is facing mixed signals: short-term price challenges from overall market volatility contrast with promising ecosystem developments. While the price depends on broader market trends, initiatives like the hackathon and growing DEX activity highlight Mantle’s focus on building real-world utility. The key question remains: will these developer incentives lead to lasting growth and network activity after the hackathon ends?


What is expected in the development of MNT?

Mantle’s roadmap is focused on growing its real-world use, integrating decentralized finance (DeFi), and attracting institutional investors.

  1. UR Global Rollout (Q4 2025–Q1 2026) – Launching a crypto-first digital bank that connects traditional finance (TradFi) with DeFi.
  2. Bybit Spot Pairs Expansion (Q4 2025) – Increasing $MNT trading pairs from 4 to over 20 on the Bybit exchange.
  3. Global Hackathon (Oct 2025–Feb 2026) – Offering $150,000 in prizes to developers across six different project categories.

Deep Dive

1. UR Global Rollout (Q4 2025–Q1 2026)

Overview: Mantle is launching UR, a digital bank that will operate worldwide, allowing users to manage both traditional currency and cryptocurrencies in one account. It will offer virtual and physical cards and automatically invest funds into yield-generating strategies like the Mantle Index Four (MI4) fund. This service is built on Mantle Network’s advanced technology, including EigenDA, OP Stack, and zero-knowledge proofs, designed to make it easier for people to start using crypto (Mantle Blog).
What this means: This is positive news for $MNT because UR could lead to widespread adoption, increase the ways $MNT is used (such as for transaction fees and governance), and attract institutional investors through the MI4 fund, which is backed by a $400 million treasury.

2. Bybit Spot Pairs Expansion (Q4 2025)

Overview: Bybit, a major cryptocurrency exchange, plans to increase the number of $MNT trading pairs from 4 to more than 20. They will also introduce options trading for $MNT, following its integration into Bybit’s Earn, OTC, and Launchpool services (source: @andr_crypto).
What this means: This expansion should improve liquidity and help establish a clearer market price for $MNT. Given Bybit’s large daily trading volume (over $30 billion), $MNT will become more accessible to traders. However, there are risks, such as dependence on exchange-driven demand and possible selling pressure after new listings.

3. Global Hackathon (Oct 2025–Feb 2026)

Overview: Mantle is hosting a global hackathon focused on real-world assets (RWA), DeFi, gaming finance (GameFi), and zero-knowledge (ZK) projects. The event offers $150,000 in prizes to encourage developers to build on the Mantle platform. This initiative is supported by HackQuest and OpenBuild (Mantle Official).
What this means: While hackathons don’t usually cause immediate price changes, they can lead to long-term growth by attracting developers, increasing total value locked (TVL), and expanding the variety of decentralized applications (dApps) on Mantle.

Conclusion

Mantle’s roadmap emphasizes practical use cases (UR digital bank), improved market liquidity (Bybit expansion), and ecosystem development (hackathons). These steps aim to position $MNT as a key link between traditional finance and decentralized finance. However, the project’s success will depend on how well it attracts users and executes its plans. A key question remains: how will Mantle balance partnerships with institutions while maintaining decentralized governance as it grows?


What updates are there in the MNT code base?

Mantle’s recent software updates focus on improving scalability, cross-chain compatibility, and security.

  1. ZK Rollup Migration (September 17, 2025) – Switched to a zero-knowledge (ZK) powered Layer 2 solution, cutting withdrawal times by 98%.
  2. x402 Gateway Launch (October 27, 2025) – Launched a modular system that allows developers to connect different blockchain networks easily.
  3. Succinct Prover Integration (August 6, 2025) – Improved zero-knowledge proof efficiency, lowering transaction costs to under $0.002.

Deep Dive

1. ZK Rollup Migration (September 17, 2025)

Overview: Mantle upgraded to a ZK validity rollup using OP Stack and Succinct’s technology, making it the largest ZK rollup by total value locked (TVL) at over $2 billion.

This upgrade replaced the older optimistic rollup design with a system that uses cryptographic proofs to confirm transactions instantly. Withdrawal times dropped from 7 days to just 1 hour, while still supporting Ethereum-compatible smart contracts. The update also introduced a Threshold Signature Scheme (TSS) for staking, which spreads validator control to reduce risks of bridge attacks.

What this means: This is positive news for Mantle because faster and cheaper withdrawals improve liquidity for both everyday users and institutions. The stronger security model may attract more decentralized finance (DeFi) and real-world asset (RWA) projects. (Source)

2. x402 Gateway Launch (October 27, 2025)

Overview: Mantle released the x402 protocol, a flexible framework that enables smart contracts and tools to work across multiple blockchains.

Developers can now build applications that operate across different networks using Mantle’s facilitator module, which uses LayerZero for cross-chain messaging and Celestia for data storage. This gateway supports shared liquidity and governance across Ethereum, Bitcoin, and Solana ecosystems.

What this means: In the short term, this is neutral for Mantle since its success depends on how many developers adopt it. However, it sets Mantle up as a potential leader in cross-chain innovation, which could increase ecosystem activity over time. (Source)

3. Succinct Prover Integration (August 6, 2025)

Overview: Mantle integrated Succinct’s zkVM to make zero-knowledge proof generation faster and cheaper.

This upgrade lowered on-chain verification costs to just $0.002 per transaction while supporting over 500 transactions per second. It also allows anyone to participate in proof generation, helping decentralize Mantle’s ZK infrastructure.

What this means: This is good news for Mantle because lower costs make small transactions and frequent DeFi activities more practical, expanding possible use cases. (Source)

Conclusion

Mantle’s recent updates focus on delivering scalable, interoperable, and cost-efficient solutions suitable for institutional use. While these technical improvements strengthen Mantle’s position, it’s important to watch how many developers adopt the platform and how TVL grows after the ZK migration. Mantle’s modular approach could give it an edge over more rigid Layer 2 solutions in attracting cross-chain capital.