World Liberty Fi, backed by Donald Trump's family, acquired nearly $3 million worth of MNT tokens ahead of the U.S. market opening.
MNT Purchase Ahead of Market Opening
Ahead of the U.S. market opening, the crypto firm World Liberty Fi purchased 3.54 million MNT tokens at $2.18 each. This purchase is part of their ongoing interest in altcoins. Previously, the firm also acquired over 1.57 million MNT tokens last week.
World Liberty Fi's Portfolio and Composition
According to Arkham Intelligence, World Liberty Fi's portfolio is valued at $81.67 million. The majority consists of $16.37 million in ETH, $14.1 million in WBTC, and $11 million in USDT, as well as assets like stETH and TRX.
Strategic Move in the Cryptocurrency World
The purchase of MNT before the U.S. market opening suggests World Liberty Fi's intent to capitalize on potential market momentum. Institutional investors often make purchases ahead of market openings to benefit from anticipated price movements. Additionally, growing institutional interest in Mantle (MNT), a modular Ethereum layer-2 solution, might have influenced this strategic decision. The rising Bitcoin price could also play favorably for altcoins such as MNT.
World Liberty Fi's acquisition of MNT demonstrates a thoughtful market strategy aimed at potential gains in the short and medium term.
