Mantle Tumbles Amid Broader Altcoin Weakness and Selling Pressure

Mantle (MNT) experienced a decline in value over the last 48 hours, dropping 3.56% amidst a broader altcoin risk-off sentiment.

The drop is part of a wider altcoin pullback, with most large-cap altcoins seeing steeper declines due to general weakness rather than a Mantle-specific event.

Certain wallet movements and profit taking also contributed to the decline. Wallet 0x15B withdrew around 10.77 million MNT, worth over $100 million in assets, likely positioning for off-platform availability.

An analyst linked another wallet, 0x49A, to a Mantle core contributor after it deposited nearly 250,000 MNT to Bybit.