Mantle’s native token, MNT, has broken out of a downtrend after an investment by World Liberty Financial.
On Monday, March 24, WLFI, a DeFi project backed by President Donald Trump’s family, purchased about 3.54 million MNT for nearly $3 million USDC for an average purchase price of 84 cents, according to data sources Lookonchain and Arkham Intelligence.

The latest purchase has increased WLFI’s MNT holdings to 5.99 million tokens, worth around $5.06 million at press time, while bringing its total crypto holdings, which include tokens like ETH, WBTC, TRX, LINK, AAVE, ENA, and others, to over $81.8 million.

MNT powers the Mantle Network, a Layer 2 solution built to scale Ethereum more efficiently. It’s used for paying gas fees and participating in governance decisions.