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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/mantle-networks-price-rollercoaster-sharp-rise-and-sudden-dip" rel="noopener noreferrer nofollow">Mantle Network’s Price Rollercoaster: Sharp Rise and Sudden Dip</a><br></p>
<p style="text-align: justify">The crypto market witnessed a whirlwind of activity as Mantle Network’s altcoin, MNT, soared to unprecedented heights only to fall significantly soon after. This volatility underscores the high-risk, high-reward nature of investing in altcoins. Mantle Network, notable for its Layer 2 <a href="https://en.bitcoinhaber.net/new-partnership-between-saudi-aramco-and-sbi-holdings-signals-growing-interest-in-crypto-and-semiconductors" rel="noopener noreferrer nofollow">Blockchain</a> solutions, saw its MNT token climb by 40% within a 24-hour period, achieving a record price of $1.49. This surge attracted significant attention from major players in the <a href="https://en.bitcoinhaber.net/crypto-market-on-edge-anticipation-and-warnings-for-investors" rel="noopener noreferrer nofollow">cryptocurrency</a> landscape.</p>
<h2 id="rapid-movements-by-dragonfly-drive-market-buzz">Rapid Movements by Dragonfly Drive Market Buzz</h2>
<p style="text-align: justify">Coinciding with the price surge, Dragonfly, a renowned global crypto investment firm, transferred a substantial amount of MNT tokens to the Bybit exchange. Lookonchain reported that Dragonfly deposited 10.5 million MNT tokens, valued at approximately $12.6 million. This move by Dragonfly suggested a strategic play in the volatile altcoin market.</p>
<p style="text-align: justify">Dragonfly didn’t stop there; they seized another opportunity when Upbit, a cryptocurrency exchange, announced it would list MNT tokens. Dragonfly deposited an even larger sum of 21 million MNT tokens worth $25.2 million into Bybit again, triggering market speculation about their intentions.</p>
<h2 id="dragonfly-s-sales-contribute-to-20-price-drop">Dragonfly’s Sales Contribute to 20% Price Drop</h2>
<p style="text-align: justify">The subsequent actions confirmed suspicions: Dragonfly was positioning itself to sell the tokens. This resulted in a rapid 20% decrease in MNT’s value, with the price plummeting below $1.2. This dramatic shift posed a potential risk for individual investors who may not have anticipated the sell-off.</p>
<p style="text-align: justify">Given these events, investors are advised to closely watch such transactions. Keeping an eye on the market activities of large investment firms like Dragonfly can provide insights into potential price movements, helping individual investors make informed decisions and potentially avoid losses.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/mantle-networks-price-rollercoaster-sharp-rise-and-sudden-dip" rel="noopener noreferrer nofollow">Mantle Network’s Price Rollercoaster: Sharp Rise and Sudden Dip</a></h5>

Mantle Network’s Price Rollercoaster: Sharp Rise and Sudden Dip

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