According to ChainCatcher, on-chain data analyst @ai_9684xtpa monitored that Mantle core contributors deposited 6.25 million MNT into Bybit 8 hours ago, worth $5.21 million.

The multi-signature address 0xc21...3b0E2 received 6 million tokens distributed by the Mantle Core Contributor Budget contract 23 hours ago. After multiple transfers, it was deposited into the trading platform through the address 0x095...5577C, which is suspected to be sold.