World Liberty Financial (WLFI), a DEFI project supported by the family of President Donald Trump, acquired substantial quantities of Mntle MNTTle token after the main technological upgrade last week of the network.
WLFI bought around 3.54 million MNT for nearly $ 3 million USDC for an average purchase price of 84 cents, according to the Lookonchain and Arkham Intelligence data sources.
The recent purchase has increased WLFI corner holdings, which include tokens like ETH, WBTC, TRX, Link, Aave, ENA and others, to more than $ 340 million. However, the point of sale supported by the Trump family has always been faced with a loss of paper of $ 111 million during writing.
MNT is the native cryptocurrency of the coat network, serving as a utility token for gas costs and a governance token for the layer of layer 2 focused on Ethereum scaling.
The fork lasts Mantle Mainnet, or upgrade incompatible backwards, entered into force on March 19, activating Eigenda on the network. EIGENDA is a secure decentralized, high speed and decentralized decentralized data service on Ethereum.
EIGENDA integration would increase the scalability of the coat network without reaching data flow limits, which would have caused a speed of 15 MB / s. In other words, the network can process more transactions by block. In addition, the upgrade has made the coat network better compatible with the imminent Pectra d’Ethereum upgrade.
MNT exchanged 6% more during the day at 83 cents at the time of the press, according to Coindesk and TradingView data sources.
