Massive WLFi Buy Sparks MNT Rally—How High Can It Go?

World Liberty Financial (WLFi), a DeFi project closely linked to the Trump family has secured around 3.54 million MNT tokens worth approximately $3 million. This development comes right after the Mantle Network was significantly upgraded. The purchase took place at an average of $0.84 per token, boosting WLFI’s total holdings to over $340 million, despite facing an unrealized loss of $111 million as per reports.

Mantle Network Undergoes Revamp

The Mantle network has recently gone through a hard fork, introducing EigenDA, a decentralized data availability service. EigenDA has been designed to improve liquidity and enhance compatibility with Ethereum’s announced Pectra upgrade. This development allows Mantle to process transactions more efficiently, achieving a yield of 15 MB/S. This now enables the network to handle more transactions per block without exceeding data rate limits. As a result, MNT serves not only as a utility token but also as a governance token in the layer-2 network focused on scaling Ethereum. 

MNT Reports Price Rise, WLFI Looks To Strengthen Position

Thanks to the upgrade, MNT tokens have already seen a 6% increase in value, now trading at around $0.83. The recent acquisition by World Liberty Financial also highlights its strategy to strengthen its position in the blockchain landscape as the market goes through a period of volatility. The company has also diversified its investments, acquiring several tokens based on the Ethereum blockchain network among others. Even though facing a paper loss, WLFI’s commitment towards crypto acquisition further highlights the institutional tendency to endure short-term losses for long-term gains.

Following the acquisition, MNT’s price saw a moderate uptick, fueled by increased investor interest and speculation surrounding World Liberty’s future crypto-related moves. The purchase reinforces the growing link between mainstream financial players and the evolving digital asset landscape.

MNT Price Analysis of the Last 24 Hours: MNT Jumps to $0.8+ Range

Before the latest Mantle Network upgrade, MNT had been working in an extended range bound channel, consolidating around $0.750. In the previous weeks, MNT had faced several instances of fluctuation. But for the past few days, the price has been almost dormant, working between $0.7 and $0.8, finding strong resistance at $0.790. Yesterday, MNT began with a price of $0.79, a high from the previous day’s uptrend. The uptrend continued, leading MNT to $0.7918 before the buying pressure lost steam. As the RSI levels sunk, MNT’s price also fluctuated down to $0.7866. The interplay of buying and selling pressures had the prices oscillate between the $0.791 resistance and $0.7828 support for the entire day.

Chart 1: analyzed by raodevansh18, published on TradingView, March 24, 2025

As MNT rested on support, sustained buying pressure led the price on a gradual uptrend, eventually touching resistance at 15;10 UTC. MNT went on to test the resistance twice more in the short span of a few hours. The RSI reported overbought levels. Failure to breach resistance levels led MNT to fluctuate very close to the upper limit of the trading range. Finally, at 23:30, on the back of sustained bullish momentum, MNT was able to break resistance, reaching $0.794 by 00:30 UTC on March 24. At 00:30 UTC, a momentous golden cross appeared as MNT launched skyward, reporting $0.8515 20 minutes later. The overbought RSI brought MNT back down to support $0.837. MNT continues to fluctuate in a new trading range, hoping to break the $0.848 resistance.

MNT Price Prediction: MNT Skyrockets Following Network Upgrade

After its recent upgrade, MNT has been able to facilitate more transactions for lower gas fees, increasing its trading volume. Recent institutional interest has also made its impact, with MNT aiming for the sky on the charts. As MNT continues to hover in the latest range, the $0.848 resistance will be a key mark to watch. If it breaks that level, $1 may soon be a reality for MNT.

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