Manta Network transferred 7.5 million MANTA to Wintermute for liquidity support
🤝 Manta Network entered into a loan agreement with the market maker Wintermute, allocating 7.5 million MANTA tokens to enhance liquidity and trading stability. After the deal is completed, the tokens are expected to return to the ecosystem.
◾️ Manta Network is the largest modular L2 solution on Ethereum with over 200 applications, focused on scaling and fault tolerance.
◾️ Wintermute is one of the leading market makers in the market, with daily trading volumes in the billions of dollars.
Such deals are a standard step for ecosystems in the growth stage: having a strong market maker strengthens liquidity and trust in the asset. The question remains how the market will react to the potential return of 7.5 million tokens into circulation and whether this will become a pressure factor on the price.
