Mantle Network Upgrade Boosts MNT Token Price, WLFi Labs Buys the Dip

World Liberty Financial (WLFi), a DeFi project closely linked to the Trump family has secured around 3.54 million MNT tokens worth approximately $3 million.

World Liberty Financial (WLFi), a DeFi project closely linked to the Trump family has reportedly secured around 3.54 million MNT tokens, valued at approximately $3 million. This development comes shortly after the Mantle Network underwent a significant upgrade. The purchase was made at an average of $0.84 per token, boosting WLFI’s total holdings to over $340 million, despite indicating an unrealized loss of $111 million.

Mantle Network Undergoes Revamp

The Mantle network has recently undergone a hard fork, introducing EigenDA, a decentralized data availability service. EigenDA has been designed to improve liquidity and enhance compatibility with Ethereum’s announced Pectra upgrade. This development allows Mantle to process transactions more efficiently, achieving a yield of 15 MB/S.

This now enables the network to handle more transactions per block without exceeding data rate limits. As a result, MNT serves not only as a utility token but also as a governance token in the layer-2 network focused on scaling Ethereum.

MNT Tokens See Slight Rise As WLFI Aims To Strengthen Position

Thanks to the upgrade, MNT tokens have already seen a 6% increase in value, now trading at around $0.83. The recent acquisition by World Liberty Financial also highlights its strategy to strengthen its position in the blockchain landscape as the market goes through a period of volatility. The company has also diversified its investments, acquiring several tokens based on the Ethereum blockchain network among others.

Even though facing a paper loss, WLFI’s commitment towards crypto acquisition further highlights the institutional tendency to endure short-term losses for long-term gains. Following the acquisition, MNT’s price saw a moderate uptick, fueled by increased investor interest and speculation surrounding World Liberty’s future crypto-related moves. The purchase reinforces the growing link between mainstream financial players and the evolving digital asset landscape.