Mantle's MNT rallies 13% on Jersey Mike's tokenized listing

MNT rose 13.2 percent over seven days to about $0.46 on Aug. 13, extending a recovery from lows near $0.40 hit earlier this month. The token gained 5.5 percent in the previous 24 hours, according to CoinGecko data.

Crypto researcher Stacy Muur said she reviewed Mantle's RWA data, major products, lending markets and treasury strategy to assess how the ecosystem has developed. Her research put fresh attention on Mantle's effort to build an onchain market around tokenized assets rather than relying only on activity from its Layer 2 network.

The rally followed Mantle's announcement that tokenized exposure to Jersey Mike's $7.3 billion listing had gone live on the network. The tokenized asset, known as JMKEx, gives eligible users blockchain-based exposure to the newly listed company, which Mantle described as the largest US consumer initial public offering of 2026. xStocks tokenized the asset, while trading runs around the clock through Fluxion using its Atomic RFQ and automated market maker infrastructure.

Whether MNT can turn the rally into a larger recovery now depends on holding the levels reclaimed during the latest breakout. A confirmed break above $0.47 would put $0.50 in focus, followed by the former June trading region around $0.52.

Breakout hinges on holding $0.458

On the daily chart, MNT was trading around $0.4614 at publication, slightly above the upper Donchian boundary near $0.4582, while the lower boundary stood around $0.3923. A daily close above the upper channel would confirm price has broken above the recent trading range. Losing $0.458 and closing back inside the channel would weaken the breakout and put the prior consolidation area back in play.

Momentum is stretched. The Aroon indicator showed Aroon Up near 92.86 percent while Aroon Down was only about 7.14 percent, a gap showing MNT recently recorded a new high within the lookback period. As long as Aroon Up stays elevated, the indicator supports continuation of the uptrend.

On the 4-hour chart, the Supertrend indicator had flipped bullish and stood near $0.4374, with price comfortably above it. The Money Flow Index was at 64.20, showing buying pressure remains strong without sitting in the conventional overbought region above 80.

For continuation, MNT needs to turn the $0.46 area into support and clear the recent high around $0.465 to $0.47. On the downside, a rejection from $0.47 would leave the 4-hour Supertrend around $0.437 as important dynamic support, with the breakout area around $0.42 to $0.43 below it. The lower daily Donchian boundary near $0.392 remains the larger invalidation area for the recovery structure.

Mantle said additional major listings were expected to arrive later in 2026, potentially expanding the range of traditional market assets available through the network. The launch connects Mantle's RWA strategy with a newly listed US equity at a time when tokenized stocks have become a more active part of crypto market development.

This article is for informational purposes only and does not constitute investment advice.