🟢 Daily Top Crypto Gainer – Aug 6 @Mantle_Official $MNT | $0.918 +18.36% over the past 7 days Why It’s Pumping: Mantle is riding a mix of bullish technicals, major product rollouts, and investor confidence tied to its massive ETH-backed treasury. What’s Driving It: • Technical Breakout: Cleared $0.82 resistance for the first time since Feb. 20% intraday spike on 280% volume surge. • Ecosystem Expansion: Launch of Mantle-based neobank and $400M tokenized fund pushed adoption. • ETH Reserve Confidence: 101,867 ETH ($388M) in treasury deepens trust and buffers sell pressure. • TVL & Inflows: Stablecoin inflows rose 22.85% to $653M; TVL now $233M and growing. What to Watch: • RSI at 73.81 hints at potential consolidation, but momentum still favors bulls. • Neobank beta ends Aug 8—watch user adoption post-launch. Conclusion: Mantle’s rally is backed by fundamentals, not hype. A breakout Layer-2 with capital, product velocity, and Ethereum-native credibility. If the trend holds, $1.06–$1.30 could be next.
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