Trump-affiliated investment firm World Liberty has made a significant investment in the crypto market by purchasing 3.54 million Mantle ($MNT) tokens for $3 million USDT.
The acquisition, which was executed just 30 minutes before the news broke, reflects the firm’s ongoing commitment to Mantle’s ecosystem.
The move is part of a broader investment strategy that has seen World Liberty allocate approximately $346 million across 11 different cryptocurrencies.
However, despite these large-scale acquisitions, the firm has faced significant volatility, reporting a total loss of $111 million. This latest purchase suggests that World Liberty remains optimistic about Mantle’s potential for growth.
Mantle ($MNT) Sees Price Rally as Trading Volume Surges
Following World Liberty’s investment, Mantle ($MNT) experienced a 7.04% price increase over the past 24 hours, reaching $0.8424.
The token has also posted a 3.24% gain over the past week, reflecting growing investor confidence. The announcement has driven a surge in trading activity, with 24-hour trading volume soaring to $121.2 million.
Mantle now has a market capitalization of approximately $2.84 billion, with a circulating supply of 3.4 billion tokens.
The firm’s investment has strengthened market sentiment, attracting both institutional and retail investors who are closely watching Mantle’s market movements.
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World Liberty’s Investment Strategy and Market Impact
World Liberty’s aggressive investment approach has significantly influenced the crypto market, often driving substantial price movements in the tokens it acquires.
However, its high-risk strategy has also resulted in mixed financial outcomes, as evidenced by its reported $111 million in losses.
The firm’s involvement in Mantle may be a strategic attempt to recover previous losses while reinforcing its influence in the cryptocurrency space.
Additionally, the political connections of World Liberty, which is backed by former U.S. President Donald Trump, have led to speculation regarding its long-term objectives and the potential implications of its crypto holdings.
World Liberty’s Expanding Crypto Ventures and Strategic Moves
Beyond its investment in Mantle, World Liberty has been actively developing its crypto portfolio.
Chase Herro, co-founder of WLFI, recently revealed plans to create a “strategic reserve” consisting of tokens acquired by the platform, a concept that gained traction after being mentioned by Donald Trump during his election campaign.
Meanwhile, TRON and Movement Labs have dismissed reports of a $10-15 million token swap agreement with World Liberty, despite on-chain data indicating that TRX is one of the firm’s largest holdings.
Additionally, World Liberty is reportedly eyeing further acquisitions of TRX tokens as part of its strategy to strengthen its DeFi partnerships.
These developments highlight the firm’s ongoing efforts to solidify its presence in the cryptocurrency sector amid financial and political scrutiny.