Mantle’s native token, MNT, has emerged as one of the strongest performers in the crypto market, surging 73% in the last 30 days. The rally has pushed the Ethereum layer-2 project into the global top 30 cryptocurrencies by market capitalisation, overtaking the likes of Pepe (PEPE), Ethena (ENA), and Aave (AAVE).

At the time of writing, MNT trades at $1.40, within touching distance of its all-time high of $1.51, with momentum suggesting the uptrend may not be over.

Mantle Reaches Yearly High

Mantle’s breakout has been technically significant. On the weekly chart, MNT has pierced through a long-standing falling trendline, signalling a shift in market structure. This move has been supported by a sequence of higher highs, confirming strong upward momentum.

The Money Flow Index (MFI) reflects increased buying activity, showing investors are accumulating rather than taking profits. Strong support has formed around $0.57, while the critical resistance level at $0.83 has been decisively broken, clearing the path for a sustained rally.

With both technical signals and on-chain activity aligning, Mantle now finds itself in its strongest position of 2025.

Bybit Integration Fuels Demand

One of the key drivers of Mantle’s rise is its growing utility within the Bybit exchange ecosystem. Far from being a speculative token, MNT is now integrated across multiple Bybit services, including Spot, Derivatives, Earn, OTC, and exclusive campaigns.

The project has positioned itself as a vital liquidity bridge between centralised (CeFi) and decentralised finance (DeFi). This development has provided MNT with tangible utility beyond its role as a native token, enhancing its appeal to both traders and long-term holders.

Supporting this demand, on-chain data from Santiment highlights significant accumulation by large holders. Wallets owning between 100,000 and 1 million MNT have expanded their holdings from 17.36 million to 20.68 million tokens in just days. This sharp rise underscores institutional and whale confidence in the token’s future trajectory.

Coinbase Listing Adds to Bullish Momentum

Another catalyst strengthening MNT’s case is the announcement by Coinbase that it will list Mantle for trading on 21 August. Listings on tier-one exchanges often act as liquidity and visibility boosters, drawing in fresh retail and institutional participants.

Combined with Bybit’s deep integration, Coinbase’s listing provides another layer of validation for the project, reinforcing Mantle’s rapid ascent into the upper tier of the crypto rankings.

Exchange-driven liquidity events frequently trigger significant price spikes, and with MNT already close to its all-time high, a breakout above $1.43 could open the door to psychological levels at $2 and beyond.

Technical Indicators Signal Further Upside

The daily MNT/USD chart supports the bullish picture. Mantle has successfully cleared its resistance line, confirming a breakout pattern. The Chaikin Money Flow (CMF) has also risen above zero, indicating that inflows are outpacing outflows, a clear sign of buying dominance.

Should the momentum remain intact, Mantle could test resistance at $2, with a further upside target at $2.91. This would represent not just a new yearly high but also a potential entry point into the mid-cap heavyweight category of digital assets.

However, the rally is not without risks. If selling pressure returns, the CMF could slip below zero, placing immediate support at $1.08 into focus. A failure to hold this level might undermine the bullish structure and stall the rally.

Mantle’s Next Chapter

Mantle’s transformation from a little-known Ethereum layer-2 to a top-30 cryptocurrency has been rapid and decisive. Bybit’s integration has given MNT real-world functionality, while Coinbase’s upcoming listing ensures fresh liquidity inflows.

With strong technicals, robust on-chain accumulation, and increasing ecosystem adoption, Mantle is positioned for continued upside. Should accumulation trends persist and exchange-driven momentum sustain, a move towards $2–$3 looks increasingly plausible in the near term.

For now, Mantle stands as one of the most promising tokens of 2025, a project bridging the worlds of CeFi and DeFi while delivering outsized returns to its investors.