Donald Trump’s World Liberty Financial has once more despatched shockwaves throughout the broader market with its latest token accumulation saga this Monday. The U.S. President-backed agency amassed almost $3M price of MNT tokens, bringing its whole Mantle Network holdings to a whopping 6 million tokens. Notably, this accumulation follows a serious mainnet exhausting fork improve on the crypto’s ecosystem.
Trump’s World Liberty Financial Stacks Up MNT Amid Hard Fork Upgrade
The newest data from Arkham Intelligence means that World Liberty Financial swapped 3 million USDC for 3.54 million Mantle Network cash. With this latest accumulation, the agency’s MNT holdings totaled 5.99 million tokens at a median worth of $0.78.
Intriguingly, CoinGape discovered that the agency additionally bagged 725.568K cash per week in the past, per Arkham knowledge. Another transaction from the identical time interval surfaced, showcasing 884.726K coin accumulation for a similar crypto.
Overall, WLFI accumulations happen in tandem with the completion of Mantle Network’s mainnet exhausting fork improve, which sparked important investor curiosity.
Mantle Network Mainnet Hard Fork Upgrade: What’s The Buzz?
Last week, the crypto’s group revealed in an X publish that the brand new exhausting fork improve is full. This improve brings new technical updates akin to EigenDA, assist for RIP-7212, and extra to the ecosystem.
EigenDA stands as a safe, high-output, decentralized knowledge availability service on Ethereum. Overall, this replace garnered important optimism throughout the business, whereas World Liberty Financial’s token accumulation added to the market buzz.
Mantle Network Price Shoots Up 8%
As of press time, MNT worth witnessed an 8% pump in worth, closing in at $0.8449. The crypto bottomed and peaked at $0.7828 and $0.8467 prior to now 24 hours. Intriguingly, the rising worth motion amid the optimistic developments akin to WLFI’s accumulations and the community improve ignited investor bullishness on future prospects.
On the opposite hand, Coinglass knowledge continued solidifying this bullishness, underscoring sturdy market demand for the asset. Mantle Network’s futures OI soared 17% intraday, reaching $25.42 million. On the opposite hand, the derivatives quantity additionally witnessed a staggering 582% surge to $20.96 million. As a outcome, crypto market watchers weigh substantial market optimism on the token’s upcoming actions.
Also, it’s price mentioning {that a} Mantle Network price prediction by CoinGape revealed that the crypto’s technical chart on the weekly timeframe illustrates a bullish engulfing sample. This sample suggests a robust momentum favoring patrons, akin to Trump’s group.
Some different tokens held by World Liberty Financial embrace ETH, TRX, MOVE, AVAX, and many others. Intriguingly, CoinGape beforehand reported that WLFI completed its token sale, elevating a complete of $550 million, one other landmark achievement within the business.
Coingape Staff
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