Why did the price of MNT go up?
Mantle (MNT) increased by 4.77% in the last 24 hours, standing out as the overall crypto market dropped by 0.99%. This positive movement is driven by a major partnership for tokenized stocks, new exchange listings, and technical signals that suggest a possible price turnaround.
- Partnership for Real-World Assets (RWA) – Mantle teamed up with Bybit and Backed to launch tokenized U.S. stocks, adding real-world value.
- Institutional Support – Anchorage Digital now offers custody services for MNT, making it easier for big investors to get involved.
- Technical Signs of Recovery – Indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest short-term positive momentum.
- Exchange Listings Boost Access – New listings on Bitfinex and integration with Bybit improve liquidity and trading options.
In-Depth Look
1. Expanding Real-World Assets (Positive for MNT)
What happened: On November 7, Mantle announced a partnership with Bybit and Backed to launch xStocks, a platform that allows U.S. stocks like Nvidia (NVDAx) and Apple (AAPLx) to be traded as digital tokens on Mantle’s network. This connects Mantle to the massive traditional stock market, valued at over $700 trillion.
Why it matters: By offering tokenized stocks, Mantle increases the demand for its native token, MNT, which is used to pay transaction fees and access services on the network. Bybit’s involvement ensures there will be enough trading activity and liquidity. This partnership positions Mantle as a bridge between traditional finance (TradFi) and decentralized finance (DeFi), enhancing its overall value.
2. Institutional Infrastructure Support (Positive for MNT)
What happened: Anchorage Digital, a trusted crypto custodian regulated by the U.S. government, added support for MNT on October 30. This means institutions can now safely store, stake, and participate in governance with MNT tokens.
Why it matters: This lowers the barriers for large investors and institutions to join Mantle’s ecosystem, potentially bringing significant capital. Mantle’s treasury, with $4.3 billion in resources, adds confidence for sustained growth and development.
3. Technical Indicators Suggest a Possible Rebound (Mixed Outlook)
What happened: MNT’s recent price increase aligns with technical signals showing it was oversold (RSI at 35.12) and a bullish crossover in the MACD indicator, which often points to upward momentum. However, the price still faces resistance at $1.40, a key level identified by Fibonacci retracement analysis.
Why it matters: Short-term traders might push the price higher, but for a lasting uptrend, MNT needs to break and stay above $1.40. If it fails, the price could drop back to the recent low around $1.17.
Conclusion
Mantle’s recent price gain reflects strong partnerships expanding its role in tokenizing real-world assets, growing institutional support, and encouraging technical signs of recovery. However, cautious market sentiment (Fear Index at 21) and resistance near $1.40 suggest investors should watch closely.
Key question: Will MNT maintain levels above $1.25 and benefit from early adoption of xStocks?
What could affect the price of MNT?
Mantle’s price is currently balancing between positive growth in its ecosystem and challenges from the broader market.
- Bybit Partnership (Positive) – Mantle is gaining more uses on Bybit, including as collateral, fee discounts, and new trading options.
- ZK Rollup Upgrade (Mixed) – Withdrawals are faster, but Mantle faces strong competition from Polygon zkEVM.
- Large Treasury Holdings (Potential Risk) – Nearly half of MNT tokens are held by Mantle’s treasury, which could affect price stability.
Deep Dive
1. Bybit’s Strong Partnership (Positive Impact)
Overview:
Bybit, one of the largest crypto exchanges, has integrated Mantle (MNT) into many of its services, such as Launchpool, OTC trading, and derivatives. They also plan to increase the number of MNT spot trading pairs from 4 to over 20. This means traders can use MNT more widely, including as collateral or to get discounts on fees. Given Bybit’s huge daily trading volume of over $30 billion, this could create steady demand for MNT (Bybit-Mantle Roadmap).
What this means:
If just 5% of Bybit’s trading volume involves MNT, that would mean $1.5 billion in daily demand for the token. This level of activity could significantly boost Mantle’s price, similar to how Binance Coin (BNB) grew with increased exchange utility.
2. ZK Rollup Upgrade (Mixed Impact)
Overview:
In September 2025, Mantle upgraded to a ZK validity rollup, a technology that speeds up withdrawal times from 7 days to just 1 hour. This upgrade helped Mantle’s total value locked (TVL) reach $2 billion. However, competitors like Polygon zkEVM offer similar technology with larger developer communities (CoinJournal).
What this means:
While the upgrade makes Mantle more efficient and user-friendly, it hasn’t yet made it the top choice for decentralized finance (DeFi) projects. Mantle’s large treasury ($4.3 billion) gives it resources to encourage growth, but it still faces challenges competing with well-established Layer 2 solutions.
3. Large Treasury Holdings (Potential Risk)
Overview:
Mantle’s treasury holds about 3.05 billion MNT tokens, which is 47% of all tokens in circulation. Although a recent proposal (MIP-23) burned 3 billion tokens in 2024 to reduce supply, having such a large portion controlled by the treasury could lead to selling pressure if the project’s incentives don’t perform well (Mantle Forum).
What this means:
Historically, tokens with more than 40% of supply held by their treasury tend to struggle during market downturns. If the treasury sells just 10% of its holdings, it would add $375 million worth of MNT to the market—about 2.5 times the token’s average daily trading volume—potentially pushing prices down.
Conclusion
Mantle’s price will likely depend on whether demand from Bybit’s partnership can offset risks from the large treasury holdings. The ZK rollup upgrade is a positive step but remains uncertain in its impact. Watch the $1.17 support level (from August 2025); if the price falls below this, it could trigger further drops toward $1.00.
Will Mantle’s partnerships help it outperform other altcoins? Keep an eye on the MNT/ETH ratio for signs of strength.
What are people saying about MNT?
The Mantle (MNT) community is divided between optimism about its partnership with Bybit and concerns over how concentrated its token supply is. Here’s what’s happening right now:
- Institutions are buying a lot of MNT – Their holdings have jumped 128% month-over-month 🚀
- Price predictions vary – Some analysts expect MNT to reach $2.50, while others warn it could drop back to $1.10 📉
- Bybit partnership grows stronger – New fee discounts and VIP perks make MNT more useful 💎
Deep Dive
1. Institutional Buying Surge – Positive Sign
According to @web3_GoGo, institutions have increased their average daily MNT holdings by 128% compared to last month. The number of traders is up 27%, and trading volume has more than doubled.
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What this means: Big investors are betting on Mantle’s future, especially its modular Layer 2 blockchain technology and focus on real-world assets (RWA). Since 69% of MNT tokens are staked (locked up), fewer tokens are available to trade, which can lead to bigger price swings.
2. Price Targets Show Mixed Signals
@MrMinNin points out that if the Layer 2 blockchain trend continues, MNT could rise to between $2.20 and $2.50. But if activity slows down, the price might fall back to $1.10–$1.30. The $1.40 level is an important support to watch.
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What this means: On-chain data shows a 56% increase in active addresses and a 10x increase in large transactions, which supports the possibility of price growth. However, upcoming token unlocks or a slowdown in the ecosystem could cause a sharp drop.
3. Bybit 2.0 Integration – Positive Development
The official Mantle account @Mantle_Official announced new features with Bybit 2.0, including fee discounts, access to launchpads, and VIP membership tiers. Bybit handles over $30 billion in daily trading volume.
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What this means: This close partnership with one of the top cryptocurrency exchanges links MNT’s demand directly to trading activity, similar to how Binance’s BNB token grew in value early on.
Conclusion
Opinions on Mantle are mixed. On one hand, institutional buying and exchange partnerships are positive signs. On the other, nearly half of the tokens are held by the Treasury, which raises concerns about supply concentration and price volatility. Keep an eye on the $1.40 support level—if it holds, momentum traders might jump back in. If it breaks, the price could fall toward $1.10.
What is the latest news about MNT?
Mantle is gaining momentum with real-world asset (RWA) projects but faces challenges from a tough market. Here are the key updates:
- Tokenized U.S. Stocks Launch (November 7, 2025) – Mantle teamed up with Bybit and Backed to offer tokenized U.S. stocks on its platform through xStocks.
- Ecosystem Growth (November 3, 2025) – Institutional holdings of MNT and trading volumes jumped 128% and 112.5% month-over-month.
- Price Support Tested (November 4, 2025) – MNT fell below its $1.58 support level, now eyeing a retest at $1.10 amid bearish signals.
In-Depth Look
1. Tokenized U.S. Stocks Launch (November 7, 2025)
What happened: Mantle partnered with Bybit and Backed, a regulated tokenization company, to launch xStocks. This service lets users trade tokenized versions of U.S. stocks like NVDAx and AAPLx around the clock on Mantle’s Layer 2 network. Bybit will handle deposits and withdrawals directly on Mantle, benefiting from low fees and Backed’s guarantee that each token is backed 1:1 by the actual stock. This move builds on Mantle’s ongoing efforts to bring real-world assets onchain, including custody partnerships with Anchorage and a U.S. retail listing on Moomoo Exchange.
Why it matters: This is a positive development for Mantle (MNT) because it strengthens the connection between traditional finance (TradFi) and decentralized finance (DeFi), which could attract more institutional investors. However, U.S. residents cannot participate right now, which limits immediate growth. (Finbold)
2. Ecosystem Growth (November 3, 2025)
What happened: Institutional holdings of MNT surged by 128% month-over-month, and trading volumes increased by 112.5%. This growth is largely thanks to Bybit’s integration of Mantle features like perpetual contracts and launchpools, as well as RWA projects such as UR Global’s fiat-to-crypto accounts. Mantle also announced upcoming hackathons and a $MNT Reward Booster program to encourage developers to build on the platform.
Why it matters: More institutional involvement shows growing trust in Mantle’s platform and use cases. However, despite this growth, MNT’s price dropped 15% over the past week and 50% over the last month, indicating that broader market pressures and profit-taking are weighing on the token. (Mantle)
3. Price Support Tested (November 4, 2025)
What happened: MNT’s price fell to $1.18, breaking below the key support level of $1.58 that held in October. Technical indicators like the Chaikin Money Flow (CMF) below -0.05 and a rising Average Directional Index (ADX) suggest bearish momentum. Open interest is also declining, signaling less confidence among traders. The next important support level is around $1.10.
Why it matters: This price drop reflects a broader weakness in altcoins, with Bitcoin dominance at nearly 60%, and fear-driven sell-offs. While a short-term bounce back to $1.40 is possible, a sustained recovery depends on overall market sentiment improving. (AMBCrypto)
Conclusion
Mantle’s progress in bringing real-world assets onchain and attracting institutional interest contrasts with its current price struggles. The launch of xStocks is a promising step, but with MNT trading around $1.23 (down 15% this week), the question remains: Can Mantle’s real-world applications overcome the broader altcoin market downturn? Keep an eye on Bybit’s adoption of xStocks and whether MNT holds the $1.10 support level for signs of what’s next.
What is expected in the development of MNT?
Mantle’s development is moving forward with these key milestones:
- ZK Rollup Mainnet Launch (Q4 2025) – Upgrading to a faster, more secure system that cuts withdrawal times to just 1 hour.
- Mantle Global Hackathon (Oct 2025–Feb 2026) – A $150,000 competition encouraging developers to create new projects in real-world assets (RWA), decentralized finance (DeFi), and artificial intelligence (AI).
- Function’s Cross-Chain Expansion (Ongoing) – Bringing Mantle’s wrapped Bitcoin (FBTC) to new blockchain networks like Solana and SUI, beyond Ethereum-compatible chains.
- Bybit Partnership Milestones (2025) – Growing $MNT trading pairs to over 20 and launching options trading on the Bybit exchange.
Deep Dive
1. ZK Rollup Mainnet Launch (Q4 2025)
Overview
Mantle is upgrading from its current system to a new technology called a ZK validity rollup, using Succinct’s SP-1 prover, which is currently being tested. This upgrade will speed up withdrawal times from about 7 days to just 1 hour, while keeping the same high level of security as Ethereum.
What this means
This is good news for Mantle (MNT) holders because faster withdrawals mean traders and institutions can use their funds more efficiently. However, if there are delays in testing or integrating other technologies like EigenDA, the launch might be pushed back.
2. Mantle Global Hackathon (Oct 2025–Feb 2026)
Overview
The hackathon will focus on six areas including real-world assets, DeFi, AI, and zero-knowledge (ZK) technology. Each track offers $15,000 in prizes to encourage developers to build on Mantle’s flexible platform.
What this means
This event could boost activity in the Mantle ecosystem, which is a positive sign. But the real impact depends on how well these projects are supported after the hackathon and how easily they integrate with Mantle’s system.
3. Function’s Cross-Chain Expansion (Ongoing)
Overview
Mantle’s wrapped Bitcoin token (FBTC) is expanding beyond Ethereum-compatible blockchains to networks like Solana and SUI. This aims to increase liquidity and make FBTC available across more platforms.
What this means
This expansion is promising because it could increase the total value locked (TVL) in Mantle and generate more fee revenue. However, there is competition from other Bitcoin-related projects like Stacks, which could affect adoption.
4. Bybit Partnership Milestones (2025)
Overview
Bybit plans to increase the number of $MNT trading pairs from 4 to over 20 and introduce options trading, following their roadmap for August 2025.
What this means
More trading options and liquidity on a major exchange like Bybit usually lead to less price volatility and attract larger investors. Still, regulatory challenges around derivatives trading could pose risks.
Conclusion
Mantle’s roadmap focuses on improving technology (ZK rollup), growing its developer community (hackathon and cross-chain expansion), and increasing market liquidity (Bybit partnership). The project’s success will depend on how well it integrates traditional finance with decentralized finance through Mantle Banking and how effectively it manages its $4 billion treasury. The big question is whether Mantle’s vision as a “liquidity chain” can outpace other Layer 2 solutions in attracting lasting value.
What updates are there in the MNT code base?
Mantle’s platform recently upgraded its technology by adding zero-knowledge proof (ZK-proof) features, improving data availability, and launching AI-powered payment tools.
- ZK Rollup Upgrade (September 17, 2025) – Switched to a zero-knowledge rollup to enhance security and scalability.
- x402 Facilitator Launch (November 5, 2025) – Introduced an AI-driven payment system for automated transactions.
- LayerZero Integration (August 28, 2025) – Enabled cross-chain transfers of MNT tokens using Omnichain Fungible Tokens.
Deep Dive
1. ZK Rollup Upgrade (September 17, 2025)
Overview: Mantle moved from an optimistic rollup to a zero-knowledge rollup by using Succinct Labs’ SP1 zero-knowledge proof technology. This change reduces the need for fraud proofs and strengthens security.
The upgrade uses validity proofs to confirm state changes without revealing sensitive transaction data. It’s compatible with Ethereum’s Prague upgrade and helped Mantle’s total value locked (TVL) surpass $2 billion after launch.
What this means: This is a positive development for Mantle. Zero-knowledge technology increases trust and attracts developers who want a secure Ethereum Virtual Machine (EVM) environment. Users benefit from faster transaction finality and lower costs over time. (Source)
2. x402 Facilitator Launch (November 5, 2025)
Overview: Mantle integrated AI-powered payment rails through Questflow, enabling automated, interest-earning transactions.
This system uses Mantle’s fast preconfirmation times and zero-knowledge proofs to validate payments instantly. It supports assets like USDC and mETH, allowing AI agents to trade while generating yield.
What this means: This is a cautiously optimistic update. It positions Mantle for institutional real-world asset (RWA) applications but depends on how widely it’s adopted. Everyday users benefit from very low transaction fees (around $0.002) and programmable payment options. (Source)
3. LayerZero Integration (August 28, 2025)
Overview: Mantle adopted LayerZero’s Omnichain Fungible Token (OFT) standard, allowing MNT tokens to move across different blockchains like HyperEVM without needing wrapped tokens.
This lets users transfer MNT from Ethereum to Hyperliquid’s ecosystem with almost no slippage. The integration also opens the door to expanding across 30+ blockchains using LayerZero’s network.
What this means: This is a strong positive for Mantle. Cross-chain liquidity reduces market fragmentation and increases MNT’s usefulness as a core asset in decentralized finance (DeFi). Traders gain easier access to arbitrage opportunities. (Source)
Conclusion
Mantle’s move toward zero-knowledge technology and cross-chain compatibility shows a clear focus on scaling and building tools for institutional users. With AI-driven payment systems and advanced data layers, Mantle aims to become a key platform for real-world assets and high-speed DeFi trading.
The big question remains: Can Mantle keep up its developer momentum as it competes with other major players like Polygon zkEVM and Optimism?