Bybit’s Strategic Initiatives Fuel Mantle’s Market Recovery

Following the significant market liquidation event on October 10th that sent shockwaves through the altcoin sector, Mantle (MNT) is demonstrating remarkable resilience and showing clear signs of price stabilization. The recovery momentum appears to be gaining strength, primarily driven by strategic interventions from major cryptocurrency exchanges. Bybit has emerged as a key catalyst in this revival, launching two innovative campaigns specifically designed to restore trader confidence and stimulate market activity around the Mantle token. The 'Puzzle Hunt' campaign stands out as a particularly engaging initiative, offering substantial rewards totaling $300,000 to participants who actively deposit and trade MNT on the platform. This exchange-led support comes at a crucial juncture for Mantle, providing much-needed liquidity and trading volume while simultaneously addressing the panic that had gripped altcoin markets. The timing of these developments suggests a coordinated effort to not only stabilize Mantle's price but also to reignite broader optimism in the cryptocurrency's ecosystem. Market analysts are closely monitoring how these exchange initiatives will translate into sustained price recovery, with many viewing this as a potential turning point for Mantle following the recent market turbulence. The combination of exchange support and growing community engagement creates a favorable environment for Mantle's continued recovery trajectory, potentially setting the stage for renewed investor interest and price appreciation in the coming weeks.

Mantle Price Eyes Recovery as Bybit Campaigns and ZBT Launchpool Ignite Fresh Optimism

The Mantle Price is stabilizing after a severe market liquidation event on October 10th, which triggered widespread panic across altcoins. Mantle (MNT) now shows signs of recovery, buoyed by exchange-led initiatives aimed at reigniting trader confidence.

Bybit has launched two key campaigns to drive engagement. The 'Puzzle Hunt' offers $300,000 in rewards for participants who deposit and trade MNT, running until the end of 2025. A separate DCA challenge features a $50,000 USDT prize pool, incentivizing automated MNT trading until November 2nd.

These efforts appear to be restoring momentum, with MNT demonstrating notable resilience in recent trading sessions. Market participants are cautiously re-entering, drawn by the prospect of structured rewards and renewed platform support.

ByBit Shakes the Market: 10 Altcoins to be Delisted

ByBit, a leading cryptocurrency exchange, has announced the delisting of 10 altcoins, sending ripples through the market. The move, effective October 21, requires futures traders to close positions by 2:00 PM UTC. Liquidity and trading volume for the affected assets are expected to decline.

Market reactions have been mixed. BDXN and NODE saw immediate drops of 8% and 5%, respectively, while AGT surged 15% against the trend. Assets like FIS and DMC remained unfazed, showing no significant price movement.

Delistings by major exchanges often trigger short-term volatility but tend to have longer-term negative implications for the assets involved. Investors are advised to adjust their portfolios accordingly.