Manta Network, a platform dedicated to building scalable decentralized applications, has recently gained significant attention due to its $MANTA token airdrop and subsequent token issuance. The airdrop, which took place on January 18, 2024, was a gesture of gratitude to the long-term supporters of Manta's two networks, Manta Pacific and Manta Atlantic. The total supply of #MANTA at Genesis is set at 1,000,000,000 tokens, with a yearly minting rate of 2% starting from Token Genesis.

However, the network was hit by a distributed denial of service (DDoS) attack shortly after the token issuance, causing communication issues and delays in transactions. The MANTA token, which went live on Thursday, quickly reached a market capitalization of nearly $550 million. The #airdrop and token issuance have sparked both positive and negative reactions within the #crypto community, with the network's growing prominence leading to increased scrutiny and attention.