Mantle (MNT) Hits New All-Time High
Mantle (MNT) reached a new all-time high of $1.62 on Wednesday. This surpassed its previous peak of $1.43 set in September 2024. The token’s market cap has risen above $5.2 billion. Trading volume surged, with over $703 million worth of MNT traded in the last 24 hours. This marks a 42% increase from the previous day.
Recent Price Surge and Market Activity
Mantle traded in a range between $0.55 and $1.40 for much of this year. The price recently broke through resistance levels near $1.40 and quickly climbed past $1.50. Over the past week, MNT gained more than 42%. In the last month, it rose nearly 60%. This surge has attracted both retail and institutional investors.
Factors Driving Mantle’s Growth
- Bybit added Mantle with 21 trading pairs. They also launched a $60,000 reward program, boosting buying interest.
- Coinbase introduced Mantle futures trading on its international platform on August 21. This opened access for larger investors.
These developments increased liquidity and visibility for Mantle. They helped drive stronger demand and higher prices.
What to Watch Next
At the time of writing, Mantle was trading near $1.58, close to its new high. Continued buying could push the price above $1.60. However, some traders may take profits after the rapid rise. The key will be whether Mantle can hold above $1.50 and maintain momentum.
Exchanges like Bybit and Coinbase backing Mantle have boosted investor confidence. The token’s ability to sustain gains will determine its next move.
