<p>Lighter and Mantle whales have become active: a surge in large transactions over the past six months</p>

Over the past 24 hours, on-chain metrics have recorded a sharp increase in activity among large holders for two altcoins: Lighter (LIT) and Mantle (MNT). The number of transactions exceeding $100,000 reached six-month highs, indicating heightened interest from institutional players in these projects amid market volatility.

Lighter: Tokenomics Update Spurs Whales

According to Santiment data, the number of large LIT transfers in the last 24 hours was 86 — the highest figure in six months. The surge coincided with dynamic price growth: on Monday, the LIT rate soared by more than 20%, reaching $2.6 — a high since January. The weekly increase amounted to about 37.9%.

The reason is a recent tokenomics update. Last month, the Lighter team implemented a burn mechanism that reduces the total supply of LIT, and also launched staking with a 6% annual yield from a pool of 250 million tokens. These measures, in my assessment, have created a powerful fundamental catalyst: whales are clearly betting on the deflationary model and the growing utility of the token.

Mantle: Interest in RWA and Stablecoins

A similar picture is observed for Mantle. Santiment recorded 37 large MNT transactions exceeding $100,000 — also a six-month record. Analysts link this to the growth of the real-world assets (RWA) segment and tokenized securities.

In a recent report, the Mantle team noted historical highs in the on-chain economy: the total value locked in DeFi exceeded $1 billion, of which $90 million came from solutions with real-world assets. The stablecoin market cap reached a record $955 million, with annual growth of 120%. The network now supports 155 tokenized stocks and has a treasury of over $1.8 billion.

However, the price of the MNT token itself has not yet shown similar optimism: over the past day, it decreased by 2% to $0.431, and over the month — by about 11%. The weekly increase was only 1.4%.

My view: whale activity is a strong signal, but it is not always synchronized with price. In the case of Lighter, we see a direct correlation with fundamental changes, while Mantle appears to be in an accumulation phase. If the RWA trend continues, MNT could show significant growth in the medium term. However, for now, the altcoin market remains a hostage to global macroeconomic uncertainty.