MANTA -351% in 1 Month Amid Sharp Sell-Off

On AUG 29 2025, MANTA dropped by 776.65% within 24 hours to reach $0.2115, MANTA dropped by 1154.69% within 7 days, dropped by 350.96% within 1 month, and dropped by 7503.73% within 1 year.

MANTA's recent performance has drawn significant market attention due to the extreme volatility observed in a short time frame. The 776.65% drop within a single day represents one of the most severe short-term corrections for the asset in recent history. Analysts project that such movements may be indicative of broader liquidity issues or speculative behavior unraveling after a period of high volatility or exposure to market manipulation.

Technical observers have noted a sharp breakdown of key support levels in the immediate term, with the price failing to hold above critical psychological thresholds. The absence of a clear reversal pattern or strong buying pressure has left the token in a bearish trend. Traders have been recalibrating risk exposure amid the steep declines, with many shifting to defensive positions or exiting long-held positions.

Backtest Hypothesis

Given the recent volatility, a potential strategy under scrutiny involves identifying and acting on sharp price corrections. The hypothesis centers on detecting and responding to downward price moves of 10% or more, aiming to determine whether entering long positions after such corrections would yield a net positive return over time. This approach requires a precise historical price series to validate its effectiveness.

However, the implementation of such a backtest faces a current limitation: the absence of a complete historical price dataset for MANTA. Without a valid ticker symbol or alternative data source, it is not possible to construct the required event list of 10% down-moves, nor to run the full back-test from the start of the available history through today.

To proceed, clarification is needed on one of the following:

1. The exact ticker/exchange symbol for MANTA (e.g., Binance pair such as MANTAUSDT, or a different symbol on another venue).
2. An alternative data source, such as a CSV file, if exchange data is unavailable.
3. If MANTA is a very new token (launched after 2022), whether the test period should be shortened to reflect the available history.

Once this information is provided, it will be possible to generate the necessary price series and run the full back-test. Until then, the hypothesis remains unverified and speculative in nature.