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, no burn. The treasury sat still.
MNT is the gas and voting coin of Mantle: 3.30B circulate, and the treasury keeps 2.92B more off the market.
Sell pressure. No new MNT reached the market: no block rewards, nothing vests, the mint limit is zero, and the treasury's main safe did not move.
Buy pressure. Nothing is burned or bought back. The only coins that left were 291,000 MNT a team wallet sent back to the treasury on Oct 1 2026.
Net. Net, supply eased about 0.01% in 90 days and is set flat for the next 90.
MNT pays no block rewards. Total supply read 6,219,316,794.89 at both ends of the window. The token contract still has a mint, but only its owner can use it, and its limit is set to zero, so no new MNT was made. To mint, the owner would first have to raise the limit (at most 2% of supply a year).
Nothing vests. The coins came from the 2023 swap of the old BIT token, and the unlock schedule ended that year. Every MNT outside the treasury is already free to trade.
No public evidence of release in window — monitored. The Mantle Treasury holds 2.92B MNT off the market: 2.90B in its main safe (flat all window; its last outflow was Oct 16 2024), 10M in a second Ethereum safe and 7.29M on Mantle itself. It has no release schedule; spending goes through yearly budget votes. Budget wallets (9.17M and 12.77M MNT) already count as circulating, so their spending adds nothing new.
No estate, trustee or long lock pays MNT out. The old BIT-to-MNT swap contract is halted and holds almost nothing.
No buyback runs. A member asked on Sep 18 2026 for a buyback paid from network revenue, but it is only a discussion; nothing has gone to a vote.
Fees on Mantle are kept, not burned: they collect in the network's fee wallets (about 47,000 MNT this window). The dead addresses gained under 2 MNT, so nothing was destroyed.
The treasury did not buy MNT on the market this window: its main MNT wallets only stood still or grew by the one return below. Besides MNT it holds bitcoin, ether and dollars.
No new lock takes MNT out of the float. Coins staked or waiting in bridges still count as circulating.
On Oct 1 2026 a wallet run by the Mantle team sent 291,000 MNT back into a treasury wallet on Mantle. Those coins left the market. It was a one-off with no schedule, so nothing is counted for the next 90 days.
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 one reason:
MNT went from about $0.66 on Oct 5 2026 to about $0.56 on Oct 12 2026, with the biggest fall of about 9% on Oct 7 2026. Reports pointed to heavy selling and trading volume that looked inflated. People ask whether real buyers are coming back or if the slide has further to go.
Checked Oct 12 2026
Based on the law of supply and demand, the long-run signal for Mantle is mixed. As of Oct 13 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.
On paper the treasury is bigger: $2.33B against a $2.25B market cap on Oct 10 2026. But 72% of that treasury is MNT itself, so only about $0.65B is held in other assets. That gap looks much less comforting. Our supply-and-demand read for Mantle stays mixed.
Mostly the flat supply: 0.00% new MNT is due in the next 90 days. Demand is the weak part, just 0.5 out of 5 on Oct 10 2026, and dollars on Mantle sit well below the Feb 2026 peak. So any rise probably lacks strong buyers behind it. By supply and demand, Mantle's long-run signal is mixed today.
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 13 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 13 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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