Bybit Partnership and Ethereum Rally Fuel MNT’s 45% Surge in August

Mantle's MNT token has experienced a significant 45% surge in August, breaking the $1 barrier to reach a current price of $1.02, with a market capitalization of $3.42 billion. This impressive rally coincides with Ethereum's upward momentum, which has been hitting new all-time highs, creating a bullish sentiment across the ecosystem. Adding to the optimism is a strategic partnership with Bybit, a move that has bolstered institutional confidence in the Mantle network. The collaboration has not only enhanced liquidity but also increased the visibility of the Mantle ecosystem, positioning MNT for potential further gains. As of August 2025, the combined effect of Ethereum's performance and Bybit's institutional backing continues to drive MNT's upward trajectory, making it one of the standout performers in the crypto market this month.

How Ethereum's Rally and ByBit Partnership Are Driving MNT's Surge

Mantle's MNT token has surged 45% in August, breaching the $1 threshold with a current price of $1.02 and a $3.42 billion market cap. The rally aligns with Ethereum's upward trajectory, which has reached new all-time highs, fueling Optimism for further gains.

A strategic partnership with ByBit has injected institutional confidence into the Mantle ecosystem, enhancing liquidity and visibility. The collaboration, announced via a live event on August 14, outlines Mantle 2.0's vision and growth plans, directly contributing to MNT's price momentum.

On-chain metrics and whale activity underscore the token's strength, with bullish indicators reinforcing market sentiment. The convergence of ecosystem expansion, Ethereum's performance, and exchange support positions MNT for sustained upward movement.

Crypto Markets Experience Turbulence as Inflation Concerns Soar

Crypto markets faced significant volatility following higher-than-expected U.S. Producer Price Index (PPI) data, triggering a sell-off that liquidated over $1 billion in Leveraged positions. Bitcoin briefly touched $123,500 before retreating, while altcoins like Dogecoin, Solana, and XRP saw sharp declines.

Long positions bore the brunt of the damage, with $866 million wiped out compared to $140 million in short liquidations. ethereum led the carnage at $348.9 million, followed by Bitcoin at $177.1 million. Exchange data shows Bybit handling the largest volume of liquidations during the rout.

The sell-off reflects growing market anxiety that persistent inflation may delay Federal Reserve rate cuts. This macroeconomic uncertainty continues to drive erratic price action across both large-cap cryptocurrencies and meme coins alike.