WLFI Invests Millions in Mantle After the Upgrade: Is a MNT Rally Coming?
After the network underwent a significant technological update last week, Mantle’s MNT token was purchased in significant quantities by World Liberty Financial (WLFI), a DeFi project supported by President Donald Trump’s family. According to data sources Lookonchain and Arkham Intelligence, WLFI paid approximately $3 million USDC for approximately 3.54 million MNT or an average purchase price of 84 cents. With the new acquisition, WLFI now has approximately $340 million in cryptocurrency holdings, including tokens like ETH, WBTC, TRX, LINK, AAVE, ENA, and others.
Hard Fork Success: EigenDA Activation Supercharges Mantle Network!
EigenDA was activated on the Mantle Mainnet on March 19 thanks to a hard fork, or backward-incompatible upgrade. EigenDA is a decentralized, high-throughput, and safe Ethereum data availability service.
A 15 MB/s throughput is allegedly achieved by the EigenDA integration, which increases Mantle Network‘s scalability without exceeding data rate limitations. Stated differently, the network has the capacity to handle more transactions in each block. Additionally, the patch has improved the Mantle Network’s compatibility with the upcoming Pectra upgrade for Ethereum.
WLFI’s $3M Investment Sparks Rally Hopes
Strong faith in Mantle’s long-term potential is demonstrated by WLFI’s strategic acquisition of MNT, particularly in light of its most recent upgrade. This action demonstrates Mantle’s increasing popularity with institutional investors while also bolstering WLFI’s already varied cryptocurrency portfolio.
EigenDA has improved Mantle’s efficiency and scalability, which puts the network in a stronger position to draw in DeFi developers and projects. Demand for MNT may rise if market sentiment supports this optimistic investment, which could lead to a price increase in the upcoming weeks.
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