1 · Treasury backing
QuietTreasury is $2.33B, but 72% of it is MNT itself.
Data
| When | Who holds what |
|---|---|
| Oct 2026 | MNT 72.1% · ETH 12.5% · BTC 10.4% · Stablecoins 4.8% · Other 0.2% |
No single dated event in the next 90 days.
No new coins. A huge treasury waits outside.
MNT pays for gas on Mantle, an Ethereum layer-2: 3,302.0M coins circulate out of 6,219.3M. The rest sits in the Mantle Treasury.
Sell pressure. Nothing new reached the market: 0 MNT minted, nothing vesting, and the 2,917.3M treasury released nothing in 90 days.
Buy pressure. No buyback and no fee burn. On Oct 1 2026 a team wallet returned 291,000 MNT to the treasury.
Net. Net, supply stayed flat: about −0.01% in 90 days and 0.00% next.
No new MNT was created. Total supply read 6,219,316,795 MNT at both ends of the window. The token does have a mint button for its owner, limited to 2% a year, but its limit is set to zero today, and a test call to mint was refused by the contract.
MNT has no vesting left. The old BitDAO and Mantle allocations finished unlocking in 2023, and unlock trackers list nothing still to come.
The Mantle Treasury is the big holder: about 2,917.3M MNT sits in 11 treasury wallets kept out of the circulating count, 2,900.0M of it in one main wallet that did not move. None of it was released in 90 days. Team budget wallets that already count as circulating paid out about 3.0M MNT on Ethereum and 2.3M on Mantle, which moves coins between holders and adds no new supply. Spending needs a DAO budget; the last one allowed up to 200M MNT a year and ran out in September 2026.
No bankruptcy estate, trustee or long-term lock holds MNT that is waiting to be released.
Nothing buys MNT back. A holder group asked the DAO on Sep 18 2026 to study buybacks paid from revenue, but it is a discussion only, with no vote.
Gas on Mantle is paid in MNT, but the fees are collected in network fee wallets, not destroyed. Total supply did not fall, and the burn address on Ethereum gained only 1 MNT.
The treasury did not buy MNT on the market in this window.
No new lock took MNT off the market. Staked MNT still counts as circulating.
On Oct 1 2026 a team wallet that counts as circulating sent 291,000 MNT back into a treasury wallet on Mantle, which takes those coins out of the circulating count. It is a one-off with no schedule, so the next 90 days carry 0.
Two sides: how much people want MNT right now, and how much buying could come later.
This part is based on social media. It shows how hot MNT is right now. A better rank means more people are talking about it.
Today, people are talking about MNT for two reasons:
On Oct 13 2026 Bybit CEO Ben Zhou said Bybit and Mantle will launch mStocks, stock tokens backed one-for-one by real shares, with 24-hour swaps and trading on decentralized exchanges. Bybit wants to become a place to trade stocks, currencies and commodities, not only crypto. People ask if this will bring real use, and fees, to the Mantle network.
MNT was near $0.70 on Oct 1 2026 and dipped to about $0.51 during the Oct 15 2026 sell-off, now trading near $0.53. The moves have followed the wider market, with no Mantle news behind them. People ask if the stock-token plans can turn the price around.
Checked Oct 15 2026
Based on the law of supply and demand, the long-run signal for Mantle is mixed. As of Oct 17 2026, score 5/10, Mantle faces 0.00% new supply over 90 days, with demand very low (0.5/5). Mantle's price drivers: 0 ▲ price up, 0 ▼ price down.
About $1.78B on Oct 13 2026, a bit below Mantle's $2.33B treasury. But 72% of that treasury is MNT itself, so only about $0.65B sits in other assets. If MNT falls, the treasury probably shrinks with it. For Mantle, the supply-and-demand signal is mixed right now.
Today the signal is mixed. Supply and demand would point the other way for Mantle if new supply jumps (today 0.00% in 90 days), or demand falls from very low.
On our framework Mantle scores 5/10 (Oct 17 2026), with supply 4.5/5 (flat) and demand 0.5/5. In the next year Mantle's supply changes 0.00%, so the long-run signal reads mixed.
The law of supply and demand points to one window for Mantle: low new supply, high demand, drivers pointing up. Where Mantle stands today: 0.00% new supply in 90 days (flat), demand very low (0.5/5), drivers 0 ▲ / 0 ▼.
Mantle has 2 price drivers today (0 ▲ price up, 0 ▼ price down). • Treasury backing: Treasury is $2.33B, but 72% of it is MNT itself. • Dollars on Mantle: Dollars on Mantle are well below the Feb 2026 peak.
Mantle reads mixed at 5/10; Bitcoin reads positive at 8.5/10 (Oct 17 2026). On supply and demand, Mantle looks weaker than Bitcoin today.
Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →
We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. MNT supply is not growing (0.00% in the next 90 days), so it shows in green. Zero or falling supply is always green, any growth is red.
One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.
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