MrNasdog
MMNT · Mantle
MNT overview
MrNasdog Pressure Framework · full analysis

Mantle (MNT) — how much MNT moves to market in the next 90 days?

6.22B total. 3.30B circulating, 2.90B in Treasury L1 custody (~46% of supply). Vesting done 2023; no fee burn; the Treasury IS the overhang. No price talk.

Setup

Mantle is the L2 chain born from the BitDAO merger. The 2.90B MNT in the Treasury L1 wallet (0x7860…b73d) is the single dominant non-circulating balance — ~46% of total supply, ~88% of the original 49% Treasury allocation still in Council custody. Mantle v2 routes base fees to a BaseFeeVault (withdrawable to L1) — NOT burned.

Net 90d % = (sell total − buy total) / circulating × 100

Part 1 · Sell pressuresupply going to market

Last 90 days · sell total
50M MNT
1.51% of circulating
Next 90 days · sell projected
~50M MNT
~1.51% of circulating
SOURCE #1Protocol inflation
Last 90 days
0
Mantle is an L2 — no native MNT block-reward issuance. ERC-20 mint function exists but governance-gated (max 1x/yr); no mint event in window.
Next 90 days
0
Same expectation — no governance mint scheduled.
SOURCE #2Vesting unlocks
Last 90 days
0
BitDAO-era unlock schedule ended 2023. Fully unlocked per Tokenomist.
Next 90 days
0
Same — zero scheduled cliffs ever.
SOURCE #3Treasury / Foundation discretionary
Last 90 days
~50M MNT
Mantle Treasury L1 (0x7860…b73d) holds 2.90B MNT (~46% of total supply). Releases via Rewards Station emissions ~200M MNT/yr (~50M / 90d) + ad-hoc grants. The single dominant sell row.
Next 90 days
~50M MNT
Same expectation at the Rewards Station baseline pace.
SOURCE #4Long-term locked or bankruptcy
Last 90 days
0
No bankruptcy overhang.
Next 90 days
0
Same.

Part 2 · Buy pressuresupply taken off the market

Last 90 days · buy total
0M MNT
0.00% of circulating
Next 90 days · buy projected
0M MNT
0.00% of circulating
SOURCE #1Programmatic buyback
Last 90 days
0
No enabled buyback. Phase-based Treasury MNT Burn proposal (Feb 25 2026, 3-8% of supply over 12-24mo) is pre-MIP discussion only, not passed. The swing variable — if passed, Buy #1 would flip from 0 to +30-70M MNT/90d.
Next 90 days
0
Same baseline. Watch the forum.
SOURCE #2Native fee burn
Last 90 days
0
Mantle v2 routes BASEFEE to BaseFeeVault (withdrawable to L1), explicitly NOT burned. Buy #2 permanently 0 until governance changes the mechanism.
Next 90 days
0
Unchanged structurally.
SOURCE #3Foundation / DAO buy
Last 90 days
0
Treasury is the seller side. MI4 reallocations (~$205M into BTC/ETH/SOL/stables) are USD-value moves; the MNT bag stays in Treasury.
Next 90 days
0
Same.
SOURCE #4New long-term lock
Last 90 days
0
mETH ≠ MNT (mETH stakes ETH). Rewards Station accepts MNT lock-ups but they are user opt-in + short-tenor — operational lock, not long-term.
Next 90 days
0
Same.

Net result

Plug the totals back into the formula:

Last 90 days = (50M − 0M) / 3302M × 100 = +1.51%
Next 90 days = (50M − 0M) / 3302M × 100 = +1.51%

About 1.5% of circulating walks from Treasury onto the market every 90 days. Zero structural buy-side offset.The phase-based burn proposal is the single biggest narrative catalyst that would flip this — watch the Mantle governance forum.

Cross-check.CG implied 90d delta ~+50M; primary ~+50M. Gap < 0.05pp ✓ verified.

MrNasdog Pressure Framework analysis of MNT, Metrics 1 & 2. Data + explanation only. Not financial advice. Updated May 27, 2026.