Mantle (MNT) fell sharply by 11.4%, breaking its $0.6 support level and hitting a low of $0.54 before recovering slightly to $0.58. The decline was driven by intense selling pressure in the derivatives market, with open interest dropping 14% and derivatives volume surging 210%, signaling position unwinding and panic exits. Despite this, spot market buyers remained steady, providing some relief by absorbing selling pressure and preventing a deeper fall. If spot demand holds, MNT could reclaim $0.6 and aim for $0.63, but continued selling could push it back to $0.54 or lower.
Mantle's market cap stands at Rp33.81 trillion as of Oct 07, 2026 19:14 WIB, with a circulating supply of 3.3 billion MNT tokens, representing 54% of the total supply. On Pluang, the price is down 10.57% at Rp10,288, closely aligning with the reported sharp decline, while trading volume remains moderate at Rp937.59 million. Despite the heavy selling, Pluang order activity shows strong buyer interest at 96%, with typical holders maintaining positions for about 29 days, suggesting some resilience in the spot market.
Bitcoin's price fell sharply below $84,000, dropping over $2,000 in minutes and causing significant losses among major altcoins like MNT, DOT, and UNI. The total crypto market capitalization declined by more than $60 billion within 24 hours, reaching...
Mantle (MNT) price fell about 9% to $0.59 on October 7, 2026, driven by on-chain data showing inflated trading volume mostly due to wash trading and sustained sell-offs from accumulator wallets directing tokens to major exchanges like Coinbase. Despi...
