$MNT is displaying strong bullish momentum today. After solidifying its support at $0.52, the token is continuing its upward trajectory, bolstered by a positive $BTC trend.
At this rate, reaching the next target of $1.26 may happen sooner than anticipated. The previous rally saw impressive gains of 470%.
Over the past 30 days, $MNT has gained 29%, with a notable 9% increase in just the last 24 hours. This steady rise reflects growing investor confidence and market interest.
Adding to the excitement, a total of 26,253.45 $MNT tokens have been airdropped to wallet addresses providing liquidity to Clearpool’s borrower pools on @0xMantle. This move has further energized the community and attracted new participants to the ecosystem.
💸 Weekly distribution of $MNT rewards complete!
⚪️ 26,253.45 $MNT tokens have been airdropped in total to wallet addresses providing liquidity to Clearpool's borrower pools on @0xMantle.
🚀 During the boosted yield campaign, all lenders will receive additional 15% rewards paid… pic.twitter.com/ogSxCtH7XL
— Clearpool (launching Ozean🌊) (@ClearpoolFin) July 19, 2024
6.25 Million $MNT Deposited Into Bybit Amounting To $5.21 Million
According to on-chain reports, Mantle core contributors deposited 6.25 million $MNT into #Bybit 8 hours ago, amounting to $5.21 million. This significant deposit highlights the strategic movements by key stakeholders to ensure liquidity and market stability.
Furthermore, the multi-signature address 0xc21…3b0E2 received 6 million tokens distributed by the Mantle Core Contributor Budget contract 23 hours ago. After several transfers, these tokens were moved to the exchange through the address 0x095…5577C, where they are suspected to be sold. This activity suggests strategic positioning and potential market maneuvers by the contributors.
Mantle 核心贡献者于 8 小时前将 625 万枚 $MNT 充值进了 #Bybit，价值 521 万美金
多签地址 0xc21…3b0E2 在 23 小时前收到 Mantle Core Contributor Budget 合约分发的 600 万枚代币，经过多次中转后通过地址 0x095…5577C 充值进交易所，疑似卖出
钱包地址 https://t.co/A4gijlmORz pic.twitter.com/vslaYGssDB
— Ai 姨 (@ai_9684xtpa) July 19, 2024
In summary, $MNT is experiencing a strong bullish trend, supported by significant market activities and strategic airdrops. The token’s price performance and recent gains indicate robust growth potential, making it a noteworthy player in the current crypto market landscape.
As the market watches closely, $MNT continues to demonstrate resilience and upward momentum, promising exciting developments in the near future.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
Image Source: jruiz1108/123RF // Image Effects by Colorcinch
