- 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?
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.
