MANTA +264.39% in 24 Hours Amid Sudden Short-Term Surge

On SEP 2 2025, MANTA surged by 264.39% within 24 hours to reach $0.1975. This dramatic price movement came amid heightened market activity and a series of strategic developments tied to MANTA's underlying ecosystem. The sharp rise, while short-lived, signaled a renewed interest in the asset, particularly among traders capitalizing on rapid momentum shifts.

MANTA’s 24-hour rally followed a key on-chain event involving a major upgrade to its core protocol. This upgrade introduced enhanced smart contract capabilities and improved cross-chain interoperability, which analysts believe broadened MANTA’s appeal to institutional investors and decentralized finance (DeFi) developers. The implementation of this upgrade was reportedly accompanied by a surge in network activity, suggesting increased on-chain usage and adoption.

From a technical standpoint, MANTA's price chart displayed a strong bullish breakout pattern during the 24-hour period, with the asset piercing above a long-standing resistance level. The move was supported by a sharp increase in on-chain activity and a corresponding drop in the ratio of large outflows. However, this positive momentum was not sustained in the longer term, with MANTA experiencing a 900.74% decline over the following seven days.

The decline over the week and subsequent drop of 168.82% over one month highlighted the asset's volatility and the challenges of maintaining price stability in the aftermath of a sharp short-term rally. Market observers noted that while the protocol upgrade provided a strong narrative tailwind, it was not sufficient to counterbalance broader market sentiment, which had turned bearish in response to macroeconomic pressures and sector-wide profit-taking.