Mantle (MNT) Plummets After Dragonfly Transfer Causes Market Sell-Off

The cryptocurrency market has been affected by the recent transfer of $2.12 million in Mantle (MNT) tokens from Dragonfly to Bybit.

This transfer has triggered a broad selloff, pushing MNT's value to its lowest point in 24 days.

On-chain data suggests that organic demand for MNT is declining, with daily active addresses plummeting by 76% in under a week.