- Trump-backed World Liberty Financial has purchased 3.54 million MNT tokens for approximately $3 million, expanding its digital asset portfolio to over $340 million.
- Mantle Network recently implemented a significant technological upgrade activating EigenDA, enhancing its throughput capacity to 15 MB/s and improving Ethereum scalability.
- Despite WLFI’s substantial cryptocurrency investments, the organization is facing a paper loss of $111 million across its token holdings.
The Trump family-backed World Liberty Financial (WLFI) has acquired approximately 3.54 million MNT tokens worth nearly $3 million following Mantle Network’s significant technological upgrade. According to data from Lookonchain and Arkham Intelligence, WLFI purchased the tokens at an average price of 84 cents per MNT.
This acquisition demonstrates WLFI’s continuing strategy to expand its cryptocurrency holdings, which now include a diverse portfolio of digital assets such as ETH, WBTC, TRX, LINK, AAVE, and ENA. The DeFi project’s total coin holdings have now surpassed $340 million in value, though the organization is currently experiencing a paper loss of approximately $111 million across its investments.
MNT serves as the native cryptocurrency of the Mantle Network, functioning both as a utility token for transaction fees and as a governance token within the layer 2 ecosystem. Mantle’s primary focus is enhancing Ethereum’s scalability through second-layer solutions that build upon the main Ethereum blockchain.
The recent Mantle Mainnet hard fork, which took effect on March 19, marked a significant technical milestone for the network. The upgrade activated EigenDA, a decentralized data availability service built on Ethereum that emphasizes security while delivering high throughput.
Industry observers have noted that the EigenDA integration substantially improves Mantle Network’s scalability without encountering traditional data rate limitations. The enhancement reportedly enables a throughput of 15 MB/s, allowing the network to process significantly more transactions per block than previously possible. Additionally, the upgrade has positioned the Mantle Network for better compatibility with Ethereum’s upcoming Pectra upgrade.
At the time of reporting, MNT tokens were trading at 83 cents, representing a 6% increase for the day according to data from CoinDesk and TradingView. This positive price movement coincides with the expanding adoption of the token by institutional investors like WLFI.
The Trump family’s involvement in cryptocurrency projects through WLFI represents a noteworthy development in the mainstream adoption of digital assets, particularly as decentralized finance continues to attract interest from traditional investment circles and politically-connected entities.
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