$MANTA will be a stable coin for you to invest in for the long term
Project analysis: making L2 modular blockchain (like Tia). Invested by Binance, raising capital of more than $60 million, most recent round fund price was $0.50. So the new fund has x3, so it will definitely have to push up strongly to take profits.
On-chain analysis: Binance cold wallet has currently collected $265 million in Manta, and I found about 5 other wallets related to the project that the project paid the tokens holding $150 million.
So Binance has collected nearly 50% of the supply, plus the Project Wallet (which has not been tracked yet) 25% of the supply. The MM team and the project alone hold 75% of the circulating supply.
I checked this child's tokenemic and it also had very little inflation, until early 2025 unlocking an additional 80m tokens is equivalent to 30% inflation. A very reasonable inflation rate and much less than current projects (Most over 50%). And currently all tokens to unlock the next batches are paid to the team and dev.
Technical analysis: $MANTA is being accumulated in the Wyckoff model, there is a spring test phase. Buying zone is 1.6-1.8.
You should split these projects up, not all-in 1 order. Set aside 20% of Capital to catch if the price touches down to 1.5u.
This is personal advice, you should consider.
