Mantle's native token, MNT, is the top performer in the market today, surging by nearly 20% to reach a new all-time high. The token's rally is being driven by a combination of factors, including a significant increase in social media attention and a spike in on-chain network activity.
According to data from Santiment, MNT's "social dominance" has climbed to a 30-day high, indicating a sharp rise in community mentions and engagement. This heightened attention from retail investors can help amplify the token's price gains in the short term.
Beyond the social chatter, the Mantle network is seeing a massive surge in user participation. The number of daily active addresses on the network has jumped by over 300% since September 7. This increase in on-chain activity suggests that the price rally is backed by strong user demand and not just speculation, which raises the likelihood of the momentum being sustained.
Technical indicators also support a bullish outlook. With the token's Aroon Up Line at 100%, analysts believe the uptrend is at its strongest point, indicating that buyers are firmly in control. If the momentum continues, MNT could set its sights on the $2 price level. However, a failure to hold its recent gains could see the token retrace to around $1.51.
September 2025, Cryptoniteuae