Trump Family Invests Big in MNT Token Post Mantle Network Update!

Jakarta, Pintu News – World Liberty Financial (WLFI), a DeFi project backed by President Donald Trump’s family, recently made a large purchase of MNT tokens from Mantle Network.

This purchase comes after Mantle Network integrated EigenDA to improve scalability and compatibility with Ethereum’s upcoming Pectra update. WLFI acquired approximately 3.54 million MNT tokens for nearly $3 million USDC, with an average price per token of 84 cents. This marks a major step in digital asset diversification by WLFI.

Mantle Network Technology Upgrade

Mantle Network, which is a layer 2 ecosystem focused on Ethereum scalability, has just undergone a major update with the integration of EigenDA. This update, known as a hard fork, was activated on March 19 and aims to increase the network’s transaction capacity.

With EigenDA, Mantle Network can now achieve up to 15 MB/s throughput, which means the network can process more transactions per block. This update also improves Mantle Network’s compatibility with Ethereum’s upcoming Pectra update, which is anticipated by many developers and investors in the blockchain industry.

Read More: Solana (SOL) Price Movement Faces Important Barriers and Supports March 2025

Impact of MNT Token Acquisition by WLFI

The massive acquisition of MNT tokens by WLFI has increased their total coin holdings, which include Ethereum , Bitcoin , TRON , Chainlink , Aave , and others, to over $340 million. Despite this, WLFI has incurred a paper loss of $111 million to date.

This purchase demonstrates WLFI’s confidence in Mantle Network’s long-term potential, especially after the integration of new technologies that are expected to improve the network’s performance and value.

Market Reaction to Updates and Investments

Following the announcement of the renewal and token purchase by WLFI, the price of the MNT token has increased. At the time of writing, MNT is trading 6% higher at 83 cents. This shows the market’s positive response to the Mantle Network update and investors’ confidence in the future of the network.

The rise also reflects broader optimism in the cryptocurrency market, where investors continue to seek assets that offer technological innovation and growth potential.

Future Prospects for Mantle Network and WLFI

With the integration of new technologies and support from major investors like WLFI, Mantle Network is expected to continue to grow and strengthen its position in the blockchain industry. This investment not only shows confidence in Mantle Network but also in the cryptocurrency ecosystem as a whole. Going forward, Mantle Network and WLFI may see more opportunities and challenges as the digital market evolves.

Read More: Chainlink (LINK) Tests Critical Support, Potential Price Recovery on Investors’ Eyes

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coindesk. Trump Family-Linked World Liberty Snaps Up $3.54M of MNT Tokens After Mantle’s Hard Fork. Accessed on March 25, 2025
• Featured Image: Medium