Ethereum

Mantle

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-prepare-to-sell-mnt-tokens-after-recent-price-surge/" data-wpel-link="internal">Investors Prepare to Sell MNT Tokens After Recent Price Surge</a> 
<a href="https://en.coin-turk.com/ethereums-surge-is-a-3000-price-tag-attainable/" data-wpel-link="internal">Ethereum</a> solution Layer-2 network Mantle’s native token MNT may not be doing well. Recently, a noticeable increase in MNT’s supply on exchanges has been observed. This indicates that <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> are looking to profit from the recent double-digit price increase. 
<h2 style="text-align: justify" id="current-state-of-mantle">Current State of Mantle</h2> 
As of the time of writing, Mantle’s (MNT) price had increased by 17% over the past seven days, reaching $0.8935. MNT investors, looking to capitalize on the price increase, have started preparing their tokens for profit, as reflected by the increased supply on exchanges. 
According to <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> provided by Santiment, the current market view shows that 321 million MNT tokens, valued at $286 million, are held in exchange wallets. An increase in exchange supply was observed on July 17, and this increase was 3% over the last six days. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-373173" src="https://coin-turk.com/wp-content/uploads/2024/07/mantra-3-coin-turk-com.png" alt="" width="564" height="207"> 
It is known that an increase in supply on exchanges is generally interpreted as negative. This indicates that investors may want to take profits based on the saturation of the increase. MNT investors seem to be preparing to sell their tokens. The reason for this is that recent transactions have become highly profitable. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-373174" src="https://coin-turk.com/wp-content/uploads/2024/07/mantra-2-coin-turk-com.png" alt="" width="566" height="204"> 
Data showing the seven-day average of the daily on-chain transaction volume’s profit/loss ratio revealed that for every loss-making MNT transaction in the last seven days, 1.59 transactions were profitable. 
<h2 style="text-align: justify" id="how-much-will-mnt-be-worth">How Much Will MNT Be Worth?</h2> 
If investors indeed start selling, MNT could face downward pressure. The price could drop from its current level to $0.80. On the other hand, if demand decreases, the price could fall to $0.50. 
Conversely, if the trend shifts towards more investors wanting to buy tokens, MNT’s price could reach $0.93. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-373172" src="https://coin-turk.com/wp-content/uploads/2024/07/mantra-site-coin-turk-com.png" alt="" width="549" height="272"> 
MNT’s current price of $0.8935 brings a market cap of $2.92 billion, ranking it 31st. Additionally, the 24-hour trading volume increased by 20%, reaching $193 million. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-prepare-to-sell-mnt-tokens-after-recent-price-surge/" data-wpel-link="internal">Investors Prepare to Sell MNT Tokens After Recent Price Surge</a></h5>

Investors Prepare to Sell MNT Tokens After Recent Price Surge

Spis treści

COINTURK NEWS

Inne artykuły opublikowane 23 lip 2024

Investors Flock to Meme Coins

US Exchanges List ETH ETFs After Long Anticipation

Top 10 Cryptos Trade in Red Zone: Will Solana (SOL) Price Reverse the Trend & Reclaim $180?

Crypto Disaster: dYdX v3 Hacked During Crucial Sale Negotiations!

Investors Monitor Meme Coin Prices

CrowdStrike stock falls another 13% on Monday, days after global IT outage

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!