The MNT token climbed rapidly after on-chain activity accelerated and a large liquidity injection arrived. Despite the momentum, technical readings and higher leverage raise the probability of a correction that could affect traders, exchanges and leveraged products. The Mantle network launched the USD1 stablecoin, adding about $3.000 millones in liquidity, and that the token’s market capitalization hit $8.390 millones on 9 October 2025.
The demand behind MNT is not only speculative. Network activity rose after USD1 went live, while the price peaked at $2,86 on 9 October 2025 before slipping to roughly $2,58 – $2,59 at the close of the same day. Within seven days the token gained more than 30 % and within a month it almost doubled.
Technical indicators now flash overbought readings. The RSI has topped 70 in several snapshots; the RSI compares the size of recent gains to recent losses, and a reading above 70 is treated as a sign that the asset has risen too far, too fast.
Leverage, open interest and implications
Open interest in MNT futures has jumped to an annual high. The $490,45 millones figure—up 20 % in the last 24 hours—to data from Coinglass, summing up: “the demand for MNT is real, but so is the tangible risk of a significant price correction.”
Elevated open interest signals more leveraged positions, so a drop may trigger liquidations that deepen the fall. Products and exchanges face potential operational strain. Synthetic ETFs, derivatives and lending services could encounter margin calls and stress if volatility spikes.
Compliance and custody processes may need tightening. Higher volumes and leverage warrant stricter KYC/AML checks and a review of exposure limits.
Retail investors carry heightened downside risk. The rapid climb increases the chance of quick losses in positions that lack hedges.
Product managers and investors should closely track open interest and the RSI in the coming days to judge whether the rally holds or gives way to the correction. That monitoring—along with resetting margins and exposure limits—is the next operational checkpoint.
