World Liberty Financial Boosts MNT Holdings by 59% Amid Network Upgrade

Donald Trump’s World Liberty Financial has recently made headlines with its significant accumulation of Mantle Network tokens. On Monday, the firm acquired nearly $3 million worth of MNT tokens, increasing its total holdings to approximately 6 million tokens. This move comes on the heels of a major mainnet hard fork upgrade within the Mantle Network ecosystem, which has sparked considerable interest and speculation among investors.

The latest data from Arkham Intelligence indicates that World Liberty Financial exchanged 3 million USDC for 3.54 million Mantle Network coins. Following this transaction, the firm’s total MNT holdings reached 5.99 million tokens, with an average purchase price of $0.78 per token. This accumulation is part of a broader strategy by World Liberty Financial, which has been actively acquiring MNT tokens over the past week. According to Arkham data, the firm previously acquired 725,568 coins and 884,726 coins in separate transactions within the same timeframe.

The timing of these acquisitions is noteworthy, as they coincide with the completion of Mantle Network’s mainnet hard fork upgrade. This upgrade introduces several technical enhancements, including EigenDA, a secure and high-output decentralized data availability service on Ethereum, and support for RIP-7212. These updates have generated significant optimism within the industry, and World Liberty Financial’s token accumulation has further fueled market excitement.

As a result of these developments, the price of MNT tokens has seen a notable increase. At the time of reporting, the value of MNT tokens surged by 8%, reaching $0.8449. The token’s price fluctuated between $0.7828 and $0.8467 over the past 24 hours, reflecting the growing bullish sentiment among investors. This price action is supported by strong market demand, as evidenced by the significant increase in Mantle Network’s futures open interest and derivatives volume.

World Liberty Financial’s token accumulation strategy is not limited to MNT. The firm also holds other prominent tokens such as ETH, TRX, MOVE, and AVAX. Notably, World Liberty Financial recently completed a successful token sale, raising a total of $550 million. This achievement underscores the firm’s growing influence and strategic investments within the cryptocurrency market.

Analysts have pointed out that the technical chart of MNT on the weekly timeframe shows a bullish engulfing pattern, suggesting strong momentum in favor of buyers. This pattern, combined with the recent developments and World Liberty Financial’s accumulation, indicates a positive outlook for the token’s future performance. Investors are closely monitoring these movements, anticipating further gains and market optimism.