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https://www.gate.com/announcements/article/45974
40 Percent Increase in Popular Altcoin! Most investors hadn't even heard of it!
Mantle (MNT) has experienced a significant rise in the last 24 hours, reaching an all-time high.
This rise has been associated with the explosion of large accumulations of whales in the past.
The increased momentum has the potential to reach higher highs for the altcoin.
Mantle (MNT), which has attracted attention in the cryptocurrency market in the last 24 hours, has reached a record high with a historic rise. Its price rose 40% to $1.30, surpassing its previous peak of $1.07. This rally was driven by positive developments specific to Mantle, and while there is a general neutrality in the market, large purchases by whales are thought to be effective.
Whales and Investors Take Action
The whales' serious accumulation in MNT accelerated the rise. Major wallets added 11 million MNT worth $12.7 million in one day, totaling 24.69 million MNT. Retail investors also jumped in on the rise, with the number of active addresses increasing by 187% in just one day.
Uptrend and Potential Risks
If MNT's rise continues, the altcoin could reach higher levels. However, if the momentum fades, the price could return to the $1.07 high, and if this support is broken, there is a risk of a drop to $1.0. For now, Mantle continues to rise with the influence of whales and increased investor interest, and could potentially see new highs.
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