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- Retail traders are driving Mantle’s latest 11% surge with rising accumulation.
- Mantle’s new tokenization initiatives have expanded liquidity and ecosystem growth.
- Short-term pullbacks are possible, but long-term fundamentals remain strong.
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Mantle (MNT) jumped 11% in the last 24 hours, continuing its steady uptrend that began after its Bitfinex listing on August 28. The latest surge came with higher trading volumes and stronger retail participation — two signals that the token’s bullish momentum may have deeper roots than a brief speculative move.
Retail Traders Fuel Short-Term Momentum
Data from CryptoQuant showed retail traders actively accumulating Mantle near its current price levels. This influx of smaller investors added liquidity and helped prices stay resilient during recent pullbacks.
However, analysts warn that the same enthusiasm could trigger volatility if profit-taking intensifies among traders holding long positions. For now, both Spot and Futures markets show “heating” activity, indicating strong participation and growing confidence from MNT holders and new entrants alike.
Mantle’s Tokenization Strategy Adds Fuel
Mantle’s latest rally aligns with its broader push into tokenization. Just days ago, the network launched its Tokenization-as-a-Service (TaaS) and Global Real-World Asset (RWA) initiatives — a move designed to expand on-chain utility.
According to DeFiLlama, Mantle’s stablecoin market cap climbed to $732.78 million this week, a 4.27% increase, with USDT dominance holding around 69%. The added liquidity and tokenization programs have strengthened Mantle’s ecosystem and may sustain price momentum beyond the current hype cycle.
Also Read: Mantle Surges 250%: October Rally Could Peak Near $2.20
What’s Next for MNT?
As of writing, Mantle trades at $2.25 after touching an intraday high of $2.41. Technical indicators, including the Stochastic RSI near 87, suggest overbought conditions — hinting at a short-term cooldown toward the $2.09 range.
Still, Mantle’s expanding fundamentals and rising retail activity keep long-term sentiment positive. If momentum holds, MNT could continue attracting attention as one of the more active mid-cap tokens in the current market cycle.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
