
Viktor
@rtm4ik
787 Following
54 Followers
551 replies
4430 recasts
4646 reactions
0 reply
0 recast
0 reaction
193 replies
6074 recasts
6462 reactions
0 reply
0 recast
0 reaction
7176 replies
5090 recasts
5720 reactions
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
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. 0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
Liquidation of over $2 billion in 2 days
On December 10th, we saw $1.6 billion in liquidations. That was the day when the Willow quantum computer fad started on BTC.
On December 5, we were liquidated for $850 million. On this day, BTC exceeded the price of $100,000 for 1 coin for the first time.
August 5 of this year: liquidated by $1.6 billion due to the risk of war escalation and the sad state of the economy.
If we compare with December 2022, we only got about $800 million worth of liquidations, but then there was a very high-profile event - the collapse of the FTX exchange. At that time, BTC was worth $16,000.
As for the largest liquidation, it happened on May 19, 2021 - Bitcoin fell by 30% overnight and $8.6 billion worth of traders were liquidated. Then it happened because China banned all cryptocurrency exchanges. BTC tested the $30,000 level.
Today we have a BTC rate of $95,500 0 reply
1 recast
3 reactions
0 reply
0 recast
1 reaction
0 reply
0 recast
1 reaction