World Liberty Financial Acquires Another $3 Million in MNT Tokens

Donald Trump’s World Liberty Financial has once again caused a stir in the broader market with its recent token accumulation this Monday. The company backed by the U.S. president has collected nearly $3 million in MNT tokens, bringing the total number of Mantle Network tokens to a whopping 6 million. Notably, this accumulation follows a significant mainnet hard fork upgrade within the crypto ecosystem.

According to the latest data from Arkham Intelligence, World Liberty Financial has exchanged 3 million USDC for 3.54 million Mantle Network tokens. With this recent purchase, the company’s total number of MNT tokens stands at 5.99 million, at an average price of $0.78.

Last week, World Liberty Financial had also collected 725,568 tokens according to Arkham data. Another transaction from the same period shows an additional accumulation of 884,726 tokens for the same crypto. WLFI’s accumulations coincide with the completion of the Mantle Network’s mainnet hard fork upgrade, which sparked significant investor interest.

Mantle hard fork

The crypto community announced last week via a message on X that the new hard fork upgrade has been completed. This brings new technical improvements, such as the EigenDA that supports RIP-7212 within the ecosystem.

EigenDA is a secure, high-yield, decentralized data availability service on Ethereum. Overall, this update sparked optimism in the industry, while the token accumulation by World Liberty Financial put the market on edge.

Price of MNT Skyrockets

Currently, the price of MNT has risen by over 6% with a current value of $0.84. The crypto hit a low of $0.7828 and a peak of $0.8467 in the last 24 hours. The rising price, amid positive developments such as WLFI’s accumulations and the network upgrade, fueled investor optimism about future prospects.

Meanwhile, Coinglass data reinforced this optimism, highlighting strong market demand for the asset. The open interest (OI) of Mantle Network futures rose intraday by 17% to $25.42 million, while the derivatives volume saw an impressive increase of 582% to $20.96 million. As a result, market observers are weighing substantial market sentiment in favor of the token’s future movements.

Additionally, the chart on the weekly time scale shows a bullish engulfing pattern forming. This pattern indicates strong buying pressure, such as that from Trump’s organization. Other tokens owned by World Liberty Financial include ETH, TRX, MOVE, AVAX. Meanwhile, WFLI has completed its token sale and has raised a total of $550 million raised, which is a milestone in the industry.