Mantle

MNT · Layer-2
Checked
Oct 17 2026
The big picture
5 / 10Total score0510
Supply + DemandMax. 10
Hold MNT? We'll warn you first.
Free · 2 coins

Coming next

No single dated event in the next 90 days.

Metric 1 of 3

MNT · Coin Supply

No new coins. A huge treasury waits outside.

4.5 / 5Flat
Age5.2 yearssince Aug 2021
Unlocked53.1%of total supply
Last 90 days−0.01%new supply
Next 90 days0.00%estimate

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.

Inflation
Last 90 Days
-0.01%
checked · Oct 13 2026
Net flow: 0.01% of supply stays in the market (roughly neutral) over 90 days
Next 90 Days
0.00%
estimate
Net flow: 0.00% of supply stays in the market (roughly neutral) next 90 days
Mixed flows · supply roughly steady
Sell pressure
1. Protocol inflation
0

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.

checked · Oct 13 2026
2. Vesting unlocks
0

MNT has no vesting left. The old BitDAO and Mantle allocations finished unlocking in 2023, and unlock trackers list nothing still to come.

checked · Oct 13 2026
3. Foundation + unscheduled unlocks
0

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.

checked · Oct 13 2026
4. Long-term locked or bankruptcy
0

No bankruptcy estate, trustee or long-term lock holds MNT that is waiting to be released.

checked · Oct 13 2026
Buy pressure
1. Programmatic buyback
0

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.

checked · Oct 13 2026
2. Protocol fee burn
0

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.

checked · Oct 13 2026
3. Foundation buy
0

The treasury did not buy MNT on the market in this window.

checked · Oct 13 2026
4. New long-term lock
0

No new lock took MNT off the market. Staked MNT still counts as circulating.

checked · Oct 13 2026
5. Coins returned to the treasury
~291.0K MNT

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.

checked · Oct 13 2026
Supply check · sell, buy & net
 
Last 90D
Next 90D
Sell total (M MNT)
0.000
0.000
Buy total (M MNT)
0.291
0.000
Sell % of circ
0.000%
0.000%
Buy % of circ
+0.009%
0.000%
Net inflation %
-0.009%
0.000%
Circulating supply: 3302.003M MNT
Read the full Inflation Analysis
MNT: no new coins this quarter, but a 2.92B treasury waits on the side.
Long-form mechanism walk. ~5 min.
Metric 2 of 3

MNT · Coin Demand

Two sides: how much people want MNT right now, and how much buying could come later.

0.5 / 5Very low

Current demand0.5 / 2.5

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.

MNT on social mediaIts rank among the 110 coins we follow · last 12 months · #1 = most talked about
#94 · Oct 13 2026

Today, people are talking about MNT for two reasons:

  1. 1
    Bybit will launch stock tokens called mStocks with Mantle.

    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.

  2. 2
    MNT is down about 25% since the start of October.

    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

Metric 3 of 3

MNT · Price DriversBeta

The few things that can move MNT's price that supply and demand miss.

1 · Treasury backing

Quiet
Bigger ETH/BTC reserves → price upReserves sold or spent → price down

Treasury is $2.33B, but 72% of it is MNT itself.

Data
WhenWho holds what
Oct 2026MNT 72.1% · ETH 12.5% · BTC 10.4% · Stablecoins 4.8% · Other 0.2%
Checked Oct 13 2026

2 · Dollars on Mantle

Quiet
More dollars on Mantle → price upDollars leave Mantle → price down
Stablecoins on Mantle
02004006008001K202420252026USDG goes live536$M
02004006008001K202420252026USDG goes live536$M

Dollars on Mantle are well below the Feb 2026 peak.

Data
DateStablecoins on Mantle
Jul 31 2026$589M
Aug 31 2026$591M
Sep 30 2026$549M
Oct 18 2026$536M
Checked Oct 13 2026

Should you buy MNT? Questions about MNT

Is Mantle worth buying now?

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.

How big is Mantle's market cap next to its treasury?

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.

When should I sell Mantle?

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.

Is Mantle a good investment in 2026?

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.

What is the best time to invest in Mantle?

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 ▼.

Will Mantle go up? What could move its price?

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.

Should I buy Mantle or Bitcoin?

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 →

How does MrNasdog judge every coin, and why is 0.00% shown in green?

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.

What do Watch MNT alerts cover?

One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.

More coins: WLFI · SKY · PEPE · Which crypto to buy now → · Embed this coin

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