MNT Hits All-Time High as Trump-Linked Stablecoin Boosts Mantle Liquidity
MNT surges to new highs as the $3 billion USD1 stablecoin deployment fuels Mantle Network liquidity and demand. Technicals and on-chain metrics suggest the rally has strong fundamentals.
MNT, the native token that powers the modular Layer-2 (L2) network Mantle, has emerged as today’s top-performing altcoin. Its value has soared over 7% today, even as the new trading week kicks off on a lackluster note across the broader crypto market.
Fueled by the recent deployment of World Liberty Financial’s USD1 stablecoin on the Mantle network, the rally has pushed MNT to a new all-time high. Now, the altcoin is ready to extend its gains.
Trump-Linked Stablecoin Sparks Mantle Liquidity Boom
Last week, Donald Trump-backed World Liberty Financial announced the deployment of the protocol’s $3 billion USD1 stablecoin on the Mantle network.
This integration has increased Mantle’s stablecoin market capitalization by 1% over the past week, deepening on-chain liquidity. According to data from DefiLlama, this stands at $738 million at press time.
For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter .
Mantle Network Stablecoin Market Cap. Source:
Stablecoins provide blockchain networks with a stable medium of exchange for transactions. Therefore, when their supply grows, it signals increasing confidence from users. This, in turn, drives up the price of the network’s native token, as higher liquidity allows users to transact more frequently and use the token to facilitate those transactions.
As on-chain activity deepens, demand for MNT will likely strengthen, supporting the potential for a continued price rally in the short term.
Furthermore, the positive readings from MNT’s price daily active address (DAA) divergence confirm the uptick in the altcoin’s demand, adding to this bullish outlook. This metric, which compares an asset’s price movements with the changes in its number of daily active addresses, is at 94.47%.
MNT Price DAA Divergence. Source:
A price rally accompanied by a positive DAA divergence is a bullish signal, suggesting growing interest and potential for further price appreciation.
The trend suggests that MNT’s currency rally is not speculative noise but backed by genuine user demand and network activity.
MNT Trades in Bullish Formation
On the daily chart, MNT has traded within an ascending parallel channel since September 6, highlighting the steady rise in buy-side pressure in the market.
This pattern is formed when an asset’s price moves consistently between two upward-sloping trendlines — one acting as support and the other as resistance.
The formation of this channel indicates that MNT has been climbing in a well-defined uptrend, with each pullback attracting renewed demand over the past few sessions. If demand remains, the token could break above this pattern and stretch to fresh highs in the coming sessions.
MNT Price Analysis. Source:
However, MNT’s price could slip under $2 to reach $1.84 if profit-taking commences.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wall Street giants collectively raise rate hike forecasts, US Treasury futures continue to fall, gold drops over 1% to break 4000
After the US October CPI exceeded expectations, Goldman Sachs and Nomura added a forecast for an interest rate hike in March next year, while Deutsche Bank included a forecast for a rate hike in January next year. Currently, the market has fully priced in a 25 basis point rate hike in December, with a 13% probability for a 50 basis point hike. On Wednesday, the US Treasury spot market was closed, but Treasury futures continued to fall, with corresponding yields rising by about 2 to 4 basis points, and spot gold came under pressure, dropping by 1.1%.
No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029
It takes an average of 4.8 years from finalizing investment to starting construction of a data center project, and an additional 2.6 years from construction start to becoming operational. Servers usually cannot be installed until after the building structure and racks are completed. For trade partners such as Taiwan (China), South Korea, and Mexico who rely on US data center supply chain demand, the inertia in construction timelines provides at least a one- to two-year buffer for future exports.
Federal Reserve Major Debate: When Should the Tenure of “Number Three” Williams End?
The main point of contention is whether Williams should step down in June 2028, upon completing a full 10-year term, or in June 2027, when he reaches the mandatory retirement age of 65. Analysts point out that the Federal Reserve Board holds ultimate discretion; if he leaves early, Fed Chair Waller would be able to assert greater control over the appointment to this critical position. However, forcing Williams to shorten his term could easily be interpreted as political manipulation. Williams himself is expected to serve until June 2028.
Sunshine Silver weighs doubling mill capacity
Crypto prices
More
