World Liberty Financial (WLFI), the crypto project backed by US president Donald Trump’s family, is doubling down on Mantle (MNT).
After making notable crypto purchases over the past several weeks, World Liberty Financial has again added another significant amount of crypto assets to its portfolio.
In this latest buy, WLFI scooped over $3 million worth of Mantle tokens, a move that has coincided with a price uptick for MNT.
World Liberty purchases MNT
Mantle, a layer 2 solution on Ethereum, is up 8% in the past 24 hours.
The altcoin, which reached highs of $1.54 at its all-time peak, could be eyeing the psychological $1 amid the latest upside flip for top coins.
Analysts therefore see World Liberty Financial’s purchase of 3.54 million MNT as a potential pointer to bullish sentiment for Mantle.
Over the past few weeks, the Trump family-backed project has accumulated multiple altcoins, with MNT making up about $5 million in purchases.
While the overall portfolio of 11 tokens, including Ethereum, WBTC, Chainlink and Aave is down by more than $100 million, WLFI remains one of the prolific buyers in the market.
According to Spot on Chain, World Liberty Financial has spent over $28 million to buy six tokens since late February.
Donald Trump’s World Liberty Financial (@worldlibertyfi) just spent 3M $USDT to buy 3.54M $MNT an hour ago.
The project now holds 5.99M $MNT (cost: $5M, current value: $5.05M).
Since the market dip in late February, it has spent a total of $28.6M buying 6 tokens, $ETH, $WBTC,
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Notably, Mantle and Avalanche are both still in profit for the project, with average purchase prices of $0.83 and $19.25 respectively.
Other Mantle price catalysts
The World Liberty Financial news, coupled with Mantle’s recent network upgrade, are positive factors that could yet influence MNT price.
Integration of EigenDA, the advanced data availability solution of Eigenlayer, is key to Mantle’s upgrade.
As well as enhancing network efficiency, security, and scalability, the update means compatibility with Ethereum Pectra.
Mantle’s plans for an index fund for institutional investors as well as Mantle Banking are huge developments for the project.
WLFI’s purchase comes ahead of the US market open, suggesting a potential increase as further interest in the project materializes.
But can bulls take the initiative and push prices higher?
Is Mantle price set for breakout above $1?
MNT traded to highs of $0.84 on March 24, 2025 – the level at which WLFI purchased the tokens.
Earlier, as Bitcoin spiked above $87k and Ethereum above $2,000, Mantle’s price shot from lows of $0.78 to hit a seven-day high above $0.84.
With Bitcoin reclaiming the $87k mark amid anticipation that the US could be buying BTC with gold reserves, MNT is looking like one the tokens to watch.
The $1 threshold could be a crucial zone for both bulls and bears.
Currently, buyers are hovering near the 84 cents mark, with daily volume up more than 81% to $132 million.
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