• Mantle (MNT) surged 21% in 24 hours, trading at $0.8701 as of August 5, 2025
  • UR beta testing window closes on August 8, driving excitement for the Swiss-backed on-chain neobank
  • MNT attracted $26.96 million in net inflows, outpacing Ethereum and Polygon
  • Total Value Locked (TVL) reached $1.40 billion with stablecoin supply hitting $500 million ATH
  • Mantle formed a golden cross in daily timeframe MACD, suggesting potential for continued upward movement

Mantle (MNT) has caught the attention of crypto traders with a stunning 21% price increase over 24 hours, reaching $0.8701 as of August 5, 2025. This impressive movement comes as the projects UR beta testing phase approaches its conclusion on August 8.

Market capitalization for Mantle has grown to $2.92 billion, while daily trading volume exploded by 274% to $483.63 million, according to data from CoinMarketCap.

The price surge coincides with Mantle positioning itself as the blockchain for banking and building momentum around UR, its upcoming borderless neobank solution.

UR represents a Swiss-backed on-chain neobank offering users multi-currency accounts and Mastercard debit cards. The platform aims to simplify global finance through blockchain technology.

Joshua Cheong, Head of Product, highlighted that URs modular infrastructure integrates Ethereum-grade security to enhance trust and scalability in the system.

Technical analysis shows MNT in a strong uptrend starting near the $0.70 mark. If the current momentum continues, the token could potentially reclaim the $1 price point, though corrections remain possible.

Network Growth Fuels Price Action

The fundamentals supporting Mantles growth look impressive by several metrics. Total Value Locked (TVL) has reached $1.40 billion, while stablecoin supply on the network hit an all-time high of $500 million.

Mantle Price on CoinGecko Mantle Price on CoinGecko

Daily Active Users stood at 123,000 as of this writing, a number that could increase substantially when the official UR rollout happens in the third quarter of 2025.

The momentum behind MNT isnt purely speculativeits backed by real capital flows. Mantle attracted $26.96 million in net inflows, outperforming both Ethereum ($9.99 million) and Polygon ($3.6 million) according to recent bridge flow data.

This activity pushed Mantles 30-day bridged volume to an impressive $77.37 million. Exchange withdrawals have also played a role in the price movement.

Data from CoinGlass shows Bybit exchange leading outflows of MNT tokens with $9.85 million against Upbits $2.16 million. These withdrawals from exchanges have contributed to the bullish sentiment by reducing circulating supply on trading platforms.

Technical Indicators Point Higher

Liquidity appears to be building below current price levels. MNTs price action is currently confined between two key clusters, with levels ranging between $0.75 to $0.85 containing denser liquidity clusters compared to those at $0.95 and above.

Looking at the technical indicators, Mantle has formed a golden cross in its Moving Average Convergence/Divergence (MACD) on the daily timeframe. This pattern typically precedes strong rallies and suggests further upside potential.

During the broader market correction in late July and early August, MNT pulled back but held firm at its 100-day Simple Moving Average before successfully rebounding. This level has historically played a crucial role in Mantles price movements, often marking strong buying opportunities during bullish phases.

The 100-day SMA held on August 2, reinforcing Mantles strength despite broader market weakness. While Bitcoin and other large-cap assets struggled to breach key resistance levels after last weeks crash, MNT has surged nearly 40% since August 2 and 71% from its July lows.

Some analysts believe MNT has much higher to go. Trader Crypto Patel suggests Mantles bullish structure indicates 5x to 10x potential in the upcoming bull run, with price targets including $1.42, $3, and $5.

With the official UR launch expected this quarter and growing interest in Layer-2 solutions, Mantle is positioned to capture more attention from both retail and institutional investors in the coming weeks.

The current price hovers in a zone rich with liquidation clusters, according to CoinGlass heatmaps. MNT price could target these liquidity zones, potentially leading to further upside if short positions get liquidated.

MNTs recent price action signals that the Layer-2 ecosystem is heating up, with other projects like Arbitrum also showing signs of breaking out of macro downtrends.