Mantle has emerged as one of the strongest performing cryptocurrencies in recent days. The Ethereum layer-2 token climbed 21% in 24 hours to reach $0.8701 on August 5th, 2025.
The price surge represents a nearly 40% gain since August 2nd lows. MNT reached a six-month high of $0.95 during Tuesday’s trading session.
Market capitalization jumped to $2.92 billion as trading volume exploded 274% to $483.63 million. The momentum comes as broader crypto markets remain bearish.
Much of the rally centers around excitement for UR, Mantle’s upcoming borderless neobank. The beta testing window is scheduled to close on August 8th, 2025.
$MNT has started moving again🚀
It's gaining significant momentum and shows no signs of stopping.I believe the price increase is linked to their recently launched UR ( @UR_global ), which I mentioned earlier. It introduces the Mantle Network as a purpose-built platform for… pic.twitter.com/YL4yt6EzBH
— Trader Tardigrade (@TATrader_Alan) August 4, 2025
UR is a Swiss-backed on-chain neobank that offers users multi-currency accounts and Mastercard debit cards. The platform aims to simplify global finance through blockchain technology.
Head of Product Joshua Cheong highlighted UR’s modular infrastructure. The system integrates Ethereum-grade security to enhance trust and scalability.
The official rollout is expected during the third quarter of 2025. Daily active users currently stand at 123,000 and could increase following the launch.
Mantle’s fundamental metrics show consistent improvement across key areas. Total Value Locked (TVL) reached $1.40 billion as of writing.
The network’s stablecoin supply hit an all-time high of $500 million. Some reports suggest this figure has since grown to over $650 million.
Institutional demand appears to be strengthening. MNT attracted $26.96 million in net inflows through bridge transactions.
This inflow volume exceeded both Ethereum at $9.99 million and Polygon at $3.6 million. The 30-day bridged volume reached $77.37 million.
Exchange outflows also supported the price rally. Bybit led withdrawals with $9.85 million in MNT tokens removed from the platform.
Upbit saw $2.16 million in outflows during the same period. These withdrawals reduce circulating supply on exchanges.
Price action shows MNT trading within dense liquidity zones. The $0.70-$0.80 range contains heavier clusters compared to resistance levels near $0.90.
Technical indicators suggest further upside potential remains. The Moving Average Convergence/Divergence (MACD) formed a golden cross on daily timeframes.
This pattern typically precedes explosive rallies in cryptocurrency markets. MNT held firm at its 100-day Simple Moving Average during recent market corrections.
The 100-day SMA has consistently acted as support during bullish phases. It successfully marked buying opportunities throughout Mantle’s price trajectory.
Liquidity analysis shows price confined between $0.75 and $0.85 clusters. Additional liquidity zones exist around $0.95 levels.
$MNT Forming Bullish Structure – 5x to 10x Potential Post Breakout#MNT is sitting just below MAJOR resistance at $0.82.
A breakout here could trigger a 5x–10x rally.➡️ Strong support: $0.50–$0.55
➡️ Best accumulation zone: $0.60–$0.70
➡️ Bull run targets: $1.42 / $3 / $5… pic.twitter.com/YWctYMljRq— Crypto Patel (@CryptoPatel) August 5, 2025
Some traders suggest Mantle price could target the $1.00 psychological level. Prominent analyst Crypto Patel projects 5x to 10x potential with price targets of $1.42, $3.00, and $5.00.
Mantle continues positioning itself as “the blockchain for banking” while building Web3 infrastructure including liquid staking protocols and AI-driven DeFi solutions.
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