$MANTA

Manta Network faced a distributed denial-of-service (DDoS) attack on January 19, 2022, one day after the listing of its MANTA token on major cryptocurrency exchanges. Despite the cyber attack, the network successfully maintained its operational integrity and safeguarded user assets.

The introduction of the MANTA token to exchanges initially caused a surge in prices. However, the token’s value took a dip, following a controversial move by the project’s Korean business development representative. The representative sold two million MANTA coins, converting them into a significant amount of Ethereum (ETH).

Despite the price volatility and the attack, Manta Network boasts a market capitalization exceeding $533.99 million following the incident. The network is recognized for its high total value locked (TVL), underscoring its status as a key player in the blockchain scalability arena.#TradeNTell