Mantle (MNT) Surges 40%: Is $1 the Next Stop for This High-Flying Layer-2 Token?

Layer-2 tokens are stealing the spotlight—and Mantle (MNT) just hijacked the narrative with a blistering 40% rally. Traders are now laser-focused on one question: Can this Ethereum scaler smash the psychological $1 barrier?

Why Mantle's Move Matters

While Bitcoin maximalists nap on their cold wallets, Ethereum's Layer-2 ecosystem is where the real price action lives. Mantle's surge isn't just another altcoin pump—it's a stress test for whether scaling solutions can sustain momentum beyond meme-fueled speculation.

The $1 Make-or-Break

Every crypto trader knows round numbers act like gravitational pulls. A clean breakout above $1 could trigger FOMO from retail bag-chasers still traumatized by 2022. But watch the order books—whales love dumping at these psychological resistance levels.

Layer-2 Wars Heat Up

Mantle isn't alone in this race. The entire Ethereum scaling sector is boiling over with activity as developers flee mainnet gas fees like tourists dodging Times Square pickpockets. Only the chains with real adoption will survive when the music stops.

One cynical truth? Half the funds flowing into MNT today probably came from traders who couldn't explain the difference between a rollup and a rug pull. But in crypto, money talks—and right now, Mantle's got the mic.

TLDR

• Mantle (MNT) surged 21% in 24 hours to $0.8701, with trading volume spiking 274% to $483.63 million
• The rally was driven by anticipation of UR neobank’s beta testing window ending on August 8th, 2025
• MNT attracted $26.96 million in net inflows, outpacing Ethereum and Polygon in bridge flows
• Technical analysis shows a golden cross formation on the MACD indicator, typically signaling bullish momentum
• Price is currently trading between key liquidity zones at $0.75-$0.85 with potential targets near $1.00

Mantle has emerged as one of the strongest performing cryptocurrencies in recent days. The ethereum layer-2 token climbed 21% in 24 hours to reach $0.8701 on August 5th, 2025.

The price surge represents a nearly 40% gain since August 2nd lows. MNT reached a six-month high of $0.95 during Tuesday’s trading session.

Market capitalization jumped to $2.92 billion as trading volume exploded 274% to $483.63 million. The momentum comes as broader crypto markets remain bearish.

Much of the rally centers around excitement for UR, Mantle’s upcoming borderless neobank. The beta testing window is scheduled to close on August 8th, 2025.

$MNT has started moving again🚀
It's gaining significant momentum and shows no signs of stopping.

I believe the price increase is linked to their recently launched UR ( @UR_global ), which I mentioned earlier. It introduces the Mantle Network as a purpose-built platform for… pic.twitter.com/YL4yt6EzBH

— Trader Tardigrade (@TATrader_Alan) August 4, 2025

UR is a Swiss-backed on-chain neobank that offers users multi-currency accounts and Mastercard debit cards. The platform aims to simplify global finance through blockchain technology.

Head of Product Joshua Cheong highlighted UR’s modular infrastructure. The system integrates Ethereum-grade security to enhance trust and scalability.

The official rollout is expected during the third quarter of 2025. Daily active users currently stand at 123,000 and could increase following the launch.

Strong Network Fundamentals Drive Growth

Mantle’s fundamental metrics show consistent improvement across key areas. Total Value Locked (TVL) reached $1.40 billion as of writing.

The network’s stablecoin supply hit an all-time high of $500 million. Some reports suggest this figure has since grown to over $650 million.

Institutional demand appears to be strengthening. MNT attracted $26.96 million in net inflows through bridge transactions.

This inflow volume exceeded both Ethereum at $9.99 million and Polygon at $3.6 million. The 30-day bridged volume reached $77.37 million.

Exchange outflows also supported the price rally. Bybit led withdrawals with $9.85 million in MNT tokens removed from the platform.

Upbit saw $2.16 million in outflows during the same period. These withdrawals reduce circulating supply on exchanges.

Technical Analysis Points to Continued Strength

Price action shows MNT trading within dense liquidity zones. The $0.70-$0.80 range contains heavier clusters compared to resistance levels NEAR $0.90.

Technical indicators suggest further upside potential remains. The Moving Average Convergence/Divergence (MACD) formed a golden cross on daily timeframes.

This pattern typically precedes explosive rallies in cryptocurrency markets. MNT held firm at its 100-day Simple Moving Average during recent market corrections.

The 100-day SMA has consistently acted as support during bullish phases. It successfully marked buying opportunities throughout Mantle’s price trajectory.

Liquidity analysis shows price confined between $0.75 and $0.85 clusters. Additional liquidity zones exist around $0.95 levels.

$MNT Forming Bullish Structure – 5x to 10x Potential Post Breakout#MNT is sitting just below MAJOR resistance at $0.82.
A breakout here could trigger a 5x–10x rally.

➡️ Strong support: $0.50–$0.55
➡️ Best accumulation zone: $0.60–$0.70
➡️ Bull run targets: $1.42 / $3 / $5… pic.twitter.com/YWctYMljRq

— Crypto Patel (@CryptoPatel) August 5, 2025

Some traders suggest Mantle Price could target the $1.00 psychological level. Prominent analyst Crypto Patel projects 5x to 10x potential with price targets of $1.42, $3.00, and $5.00.

Mantle continues positioning itself as “the blockchain for banking” while building Web3 infrastructure including liquid staking protocols and AI-driven DeFi solutions.