World Liberty Financial (WLFI), a project defi backed by President Donald Trump’s family, has acquired substantial amounts of Token MNT de Mantle after the main technological update of the network last week.
WLFI bought around 3.54 million MNT for almost $ 3 million for USDC for an average purchase price of 84 cents, according to Lookonchain and Arkham Intelligence data sources.
The recent purchase has increased WLFI coins, which include tokens such as ETH, WBTC, TRX, Link, AAVE, Ena and others, to more than $ 340 million. However, the departure backed by the Trump family still faced a loss of paper of $ 111 million from writing.
MNT is the native cryptocurrency of the Mantle Network, which serves as a useful token for gas rates and a government token for the ecosystem of layer 2 focused on Ethereum climbing.
The hard bifurcation of Mantle Mainnet, or an incompatible backward update, entered into force on March 19, activating eigenda on the network. Eigenda is a safe high -performance decentralized data availability service in Ethereum.
It is said that Eigenda integration increases Mantle Network’s scalability without reaching the limits of data speed, which resulted in a yield of 15 Mb/s. In other words, the network can process more block transactions. In addition, the update has made the Mantle network better compatible with the imminent update of Ethereum’s sicking.
MNT quoted 6% higher in the day at 83 cents at the time of publication, according to Coindesk and TrainingView data sources.
