Mantle (MNT) has made a powerful impression by reaching its highest stage in 5 months. This surge got here alongside an astonishing 450% enhance in buying and selling quantity.
So, what has triggered this Layer 2 altcoin’s breakout in August? Under are a number of key drivers behind its latest value rally.
What’s Behind Mantle’s Explosive Comeback?
In accordance with information from Artemis Analytics, the variety of day by day energetic addresses skyrocketed by 1,600% in only one month — leaping from 7,000 to 120,000.
This surge clearly exhibits that person participation on the Mantle community is returning. It displays rising belief and elevated utilization from the neighborhood.
The info signifies that Mantle started gaining traction in mid-July and has maintained that momentum into August. Round that very same time, Mantle officially joined the Strategic ETH Reserve (SΞR) by allocating 101,867 ETH — equal to $392 million — to its treasury.
With this ETH allocation, Mantle is now one of the largest ETH holders amongst Web3 entities, ranking 8th on the SΞR leaderboard. In the meantime, the worth of ETH has surged from $3,000 to $4,000 since mid-July. This strategic reserve has induced MNT to keep up a correlation with ETH, thus rising the worth.
“Whales are shopping for the dip on this beast for a cause. Mantle simply joined the Strategic ETH Reserve (SΞR) — a quiet flex with large implications,” Investor CyrilXBT explained.
Institutional Publicity Is Boosting Mantle’s Credibility
One other vital component on this technique is the mETH Protocol. It’s a staking platform constructed on Mantle Community, designed to maximise ETH yields via staking and restaking mechanisms.
“Mantle holds one of many largest ETH-denominated treasuries on-chain: over $320 million throughout mETH, cmETH, and ETH,” mETH Protocol stated.
Some public corporations, corresponding to Republic Applied sciences, converted a good portion of their collected ETH into mETH throughout Q2/2025. This transfer has helped Mantle Community increase its credibility amongst traders.
Moreover, the launch of UR has added extra utility to MNT.
UR is a brilliant crypto software that mixes conventional finance (TradFi) with decentralized finance (DeFi). Constructed on the Mantle Community, this platform goals to convey blockchain expertise into mainstream banking companies.
“MNT has began shifting once more. It’s gaining important momentum and exhibits no indicators of stopping. I imagine the worth enhance is linked to their just lately launched UR,” Dealer Tardigrade said.
These developments present Mantle’s clear effort to open extra doorways for institutional capital influx.
High 10 MNT Wallets Maintain Over 89% of Complete Provide
BeInCrypto information exhibits MNT hit $0.88 — its highest stage since March — with 24-hour buying and selling quantity exceeding $500 million, greater than double the typical quantity from final month.
Nonetheless, information from CoinMarketCap reveals that the highest 10 MNT wallets management over 89% of the full provide. Mantle’s treasury alone holds more than 49% of the provision. These tokens are used to fund growth, staking, and strategic investments.
Though MNT has surged over 30% since early August, it nonetheless trades far under its all-time excessive of $1.50 from 2024.
The submit Mantle Hits 5-Month High — Here’s Why Investors Are Flocking to MNT appeared first on BeInCrypto.