World Liberty Financial (WLFI) Makes a Large Purchase of MNT Tokens from Mantle Network

This purchase comes after Mantle Network integrated EigenDA to improve scalability and compatibility with Ethereum's upcoming Pectra update.

Jakarta, Pintu News – World Liberty Financial (WLFI), a DeFi project backed by President Donald Trump’s family, recently made a large purchase of MNT tokens from Mantle Network.

This purchase follows the integration of EigenDA by Mantle Network to enhance scalability and compatibility with Ethereum’s upcoming Pectra update. WLFI acquired approximately 3.54 million MNT tokens from Mantle Network for nearly $3 million USDC, at an average price per token of 84 cents.

This marks a major step in digital asset diversification by WLFI.

Mantle Network Technology Upgrade

EigenDA, a technology that provides better scalability and lower costs compared to MEV (maximum extractable value), has now been fully activated on Mantle Network’s mainnet.

This integration is a significant step for Mantle Network, which serves as a layer 2 ecosystem focused on Ethereum scalability.

Many developers and investors in the blockchain industry are eagerly awaiting Pectra, Ethereum’s upcoming update, which is designed to improve the efficiency and performance of the network.

However, this update also poses compatibility challenges for layer 2 blockchains.

But, EigenDA’s integration with Mantle Network aims to mitigate these challenges and promote seamless interoperability with Pectra.

The goal is to create a more interconnected and efficient Web3 ecosystem.

EigenDA’s technology is expected to enable Mantle Network to achieve up to 15 MB/s throughput and process more transactions per block.

Impact of MNT Token Acquisition by WLFI

The massive purchase by WLFI of MNT tokens adds to their existing coin holdings, which include Ethereum, TRON, Aave, and others.

This acquisition showcases WLFI’s confidence in Mantle Network’s long-term potential, especially after the integration of new technologies that are expected to improve the network’s performance and value.

Moreover, EigenDA’s integration with Mantle Network is anticipated to enhance the network’s transaction capacity and reduce costs, which aligns with WLFI’s strategy of seeking out undervalued assets.

Market Reaction to Updates and Investments

Following the announcement of the EigenDA technology integration, Mantle Network saw a surge in trading volume, indicating increased activity from investors and traders.

After news broke of the token purchase by WLFI, the price of the MNT token experienced a further rise.

At the time of writing, MNT is trading 6% higher on the day, reaching 83 cents.

This price increase can be attributed to both the Mantle Network update and the broader optimism in the cryptocurrency market.

As investors continue to search for assets that offer technological innovation and growth potential, especially in a bear market, they appear to be showing interest in MNT tokens.

Future Prospects for Mantle Network and WLFI

With the integration of new technologies and support from major investors like WLFI, Mantle Network is expected to continue to grow and strengthen its position in the blockchain industry.

This investment not only shows confidence in Mantle Network but also in the cryptocurrency ecosystem as a whole.

Going forward, Mantle Network and WLFI may see more opportunities and challenges as the digital market evolves.

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