Trump-Connected World Liberty Scoops Up 3.54M MNT Tokens Post-Mantle Upgrade

Trump-Affiliated WLFI Acquires 3.54M MNT Following Mantle’s Major Upgrade

World Liberty Financial (WLFI), a DeFi firm with ties to the Trump family, has made a significant investment in Mantle’s MNT token following a key network upgrade.

On-chain data from Lookonchain and Arkham Intelligence shows that WLFI purchased 3.54 million MNT for nearly $3 million USDC at an average price of $0.84 per token.

This latest accumulation has expanded WLFI’s digital asset portfolio—which includes holdings in ETH, WBTC, TRX, LINK, AAVE, and ENA—to over $340 million. However, the entity still faces an unrealized loss of roughly $111 million.

Mantle Network, an Ethereum Layer 2 scaling solution, underwent a hard fork on March 19, introducing EigenDA, a decentralized data availability service designed to enhance scalability. The integration is expected to increase Mantle’s transaction throughput to 15 MB/s, optimizing efficiency ahead of Ethereum’s upcoming Pectra upgrade.

Following the upgrade and WLFI’s investment, MNT has gained 6% on the day, trading at $0.83, according to CoinDesk and TradingView data.