Mantle surged 40% as excitement builds around its upcoming UR neobank launch.
Strong fundamentals and rising institutional demand continue to support MNT's bullish momentum.
Technical signals suggest MNT could break the $1 mark if momentum holds.
Mantle — MNT, an Ethereum-based layer-2 token surged 21% in 24 hours, landing at $0.8701 on August 5th. That jump caps a wild 40% climb since August 2nd. Traders didn’t just take notice—they piled in. Volume spiked 274% to $483.63 million. Mantle reached a six-month high of $0.95, defying the broader bearish market with a rally that’s hard to ignore. But what’s fueling this explosive breakout?
https://twitter.com/TATrader_Alan/status/1952496069948141760?t=IQ422EEI-JTTykaXC_JxlA&s=19 0UR Neobank Fuels the Momentum
At the heart of this rally lies UR, Mantle’s bold new bet on banking. This Swiss-backed, borderless neobank promises users a sleek experience. Imagine controlling multi-currency accounts and Mastercard debit cards—all powered by blockchain. UR doesn’t just talk innovation; it breathes it. The beta testing window ends August 8th. Daily users have already hit 123,000, and many expect a sharp rise after launch. The official rollout lands sometime in Q3 2025.
Mantle’s Head of Product, Joshua Cheong, emphasized UR’s modular architecture. The platform uses Ethereum-grade security, which helps build trust and scale globally. Investors love security with flexibility, and Mantle seems to offer both. The surge also brought Mantle’s market cap to $2.92 billion. That’s not just a number—it’s a statement. Crypto bulls see MNT as a key player, not just another token riding a trend.
Strong Fundamentals, Bullish Signals, and a Race Toward $1
Behind the scenes, network fundamentals keep improving. Mantle’s Total Value Locked (TVL) reached $1.40 billion. Stablecoin supply hit $500 million, with whispers of $650 million already circulating. Institutional demand is rising fast. Net inflows reached $26.96 million via bridge transactions. For context, Ethereum only managed $9.99 million, while Polygon saw $3.6 million.
Exchange withdrawals tell another bullish tale. Bybit saw $9.85 million in MNT tokens flow out. Upbit followed with $2.16 million in outflows. That’s less supply sitting on exchanges—exactly what fuels tight rallies. Technicals agree. The MACD just printed a golden cross, a classic bullish signal. MNT also bounced off its 100-day Simple Moving Average, reinforcing a strong support line.
Price action shows heavy liquidity between $0.70 and $0.85. Smaller clusters gather around $0.95. If MNT clears this level, $1 might be next. Crypto Patel, a trusted analyst, sees even bigger things. He’s eyeing $1.42, $3.00, and $5.00 targets. Traders are watching closely—many already see MNT as “the blockchain for banking.” Mantle isn’t just climbing; it’s sprinting toward something much larger.
