Mantle price surged over 24% in the past 24 day, trading around $0.9073, as trading volume spiked more than 200%. The rally aligns with broader momentum in Ethereum Layer 2 (L2) tokens, with traders pointing to ecosystem developments and whale activity as driving factors.
The wider Ethereum Layer 2 sector advanced by 6.15% on August 5, supported by Ethereum’s 4.48% rise and expectations of spot ETH ETF inflows. Mantle’s recent EigenDA V2 integration, launched on July 30, enhanced data throughput and synchronized with Ethereum’s Prague upgrade.
Market observers note that the Ethereum validator exit queue, shortening to 8.5 days, reduced selling pressure on the network. This environment supports L2 projects like Mantle, which leverage Ethereum’s scaling solutions and attract developer activity.
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Mantle Institutional and Ecosystem Activity
Institutional adoption also plays a role. Reports from CryptoPotato highlighted that Republic Technologies added mETH, Mantle’s liquid staking token, to its balance sheet.
SharpLink Gaming reportedly accumulated 480,000 ETH through Mantle’s ecosystem. While this drives utility for MNT as a governance and fee token, some analysts caution that ETH-focused yield strategies could limit MNT’s long-term price momentum.
Social media activity reflects growing confidence. CyrilXBT described MNT as a favored project, noting whale accumulation and Mantle’s inclusion in the Strategic ETH Reserve (SΞR), which he called “a quiet flex” for ETH-backed liquidity.
$MNT one of my fav projects.
— CyrilXBT (@cyrilXBT) August 4, 2025
Whales are buying the dip on this beast for a reason.
Mantle just joined the Strategic ETH Reserve (SΞR) a quiet flex with massive implications.
The biggest ETH-backed treasury in Web3 doubling down on $Eth as the base layer for all things… pic.twitter.com/WQ0T0T6kyz
Moreover, trader Tardigrade linked the surge to Mantle’s UR platform, designed for blockchain-based banking and bridging traditional finance with decentralized systems.
$MNT has started moving again🚀
— Trader Tardigrade (@TATrader_Alan) August 4, 2025
It's gaining significant momentum and shows no signs of stopping.
I believe the price increase is linked to their recently launched UR ( @UR_global ), which I mentioned earlier. It introduces the Mantle Network as a purpose-built platform for… pic.twitter.com/YL4yt6EzBH
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Technical Analysis and Mantle Price Outlook
On 4H chart, MNT broke out from rounded bottom formation, going from $0.75 to $0.92 before retracing. The current resistance level is $0.92–0.93, and the breakout point at $0.85–0.86 is now support.
The 30-period EMA at $0.759 reflects an upward incline, signifying a strong short-term trend. The RSI is nearly 74.6, meaning it is in the overbought state and may be in a state of consolidation.
Moreover, MNT price remaining above $0.86 can give way to the $0.96–$1.00 psychological level, while a breakdown can cause a retest of the $0.75 area.
Mantle price action reflects a combination of technical strength, ecosystem growth, and rising L2 sector interest. Traders continue to monitor whale activity and UR platform developments for the next move.
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