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Guavy AI Editorial Team••Sentiment: -3.25•Clout: 70

Mantle (MNT) Loses 5.5% Amid Broad Crypto Market Decline

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Mantle (MNT) dropped by approximately 5.5% over the past 24-25 hours due to a broad risk-off move in both crypto and equities.

The total crypto market cap decreased from around $2.21 trillion to $2.17 trillion, a drop of roughly 1.9%, with major cryptocurrencies like BTC, ETH, and SOL recording declines in a similar range.

The correlation between the total crypto market cap and equity indices like SPY and QQQ was around 0.97-0.98, indicating a strong alignment between crypto and equity markets, which contributed to the broad selloff.