Why is Mantle (MNT) Price Up Today?

Mantle is having a strong day. The MNT price is up more than 11% and is now trading around $1.36. That makes it the second-best performer today after OKB. 

What’s interesting is that trading volume is down by over 7%, which shows this move isn’t just random retail hype. It’s being driven by some very specific catalysts.

The biggest factor behind the rally is Mantle growing partnership with Bybit. On August 14, Bybit EU launched a MiCA-compliant staking pool, giving MNT holders the chance to earn rewards from a 100,000 XION pool. 

Just two days later, Mantle announced that its token would be integrated into Bybit’s “Double Win” structured products and the Crypto Content Creator Campus. That means MNT can now be used for event tickets and creator tools, which adds fresh utility beyond pure speculation.

These updates have real weight. They tie Mantle to institutional-grade products and everyday use cases at the same time. The timing of these launches lines up perfectly with Mantle price move we’re seeing now, which suggests that new demand is flowing into MNT.

The other big piece of the puzzle is what the whales are doing. Over the past couple of days, large buyers have stepped back in. Between August 15 and 16, buy volume spiked to 937K MNT compared to 455K in sells. That flipped a 13-day trend where whales were mostly unloading.

At the same time, open interest in Mantle futures jumped 26% to over $80 million. Long positions are slightly outweighing shorts, which shows that speculative traders are leaning bullish. 

Spot netflows also turned negative, meaning tokens are being moved off exchanges and into wallets. That’s usually a sign of accumulation, and it often comes before bigger price rallies.

Read Also: Is This the Run That Sends Polkadot (DOT) to $10?

What the Mantle Chart Is Showing

If you look at the chart, the story becomes clearer. Mantle price has spent months consolidating in a wide range between about $0.47 and $1.50. 

The latest surge has now pushed the price right up to the top of that zone. That $1.50 level is the big barrier everyone is watching.

Breaking above it would be a major signal that MNT price is ready to leave this range behind. Traders on X have already pointed to $2.34 as the next logical target if momentum continues. 

On the other hand, if MNT gets rejected again at $1.50, we could see a pullback toward the $1.00–$0.90 region, which has been acting as support.

Image Source: X/ATOMB

Mantle Price Prediction

So where does this leave Mantle? The token is clearly at a tipping point. Above $1.30 holds the bullish formation, but the real test is at $1.50. A clean breakout there may readily induce a move to $2 or higher.

If and when buying weakness, and momentum subsides, MNT price can go back into its range and trade sideways between $1.00 and $1.50 until something new shakes the market up. 

The key thing to watch right now is whether whales keep buying and whether the Bybit integrations bring in steady adoption.

For now, Mantle rally looks well-supported, but the next few days around that $1.50 mark will decide whether this is just another test, or the start of a much bigger breakout.

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Sarah Wurfel
Sarah Wurfel

Sarah Wurfel works as a social media editor for CaptainAltcoin and specializes in the production of videos and video reports. She studied media and communication informatics. Sarah has been a big fan of the revolutionary potential of crypto currencies for years and accordingly also concentrated on the areas of IT security and cryptography in her studies.

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