According to SpotOnChain, an estimated address associated with Brevan Howard Digital, a cryptocurrency investment company, made two deposits totaling 1.465 million MNT (equivalent to $588,000) to Wintermute, a cryptocurrency market-making company. Wintermute subsequently deposited this amount into Bybit. The address in question currently holds 2.2 million MNT (equivalent to $876,000) and has an unrealized loss of $427,000.

Furthermore, the Mantle Network (MNT) temporary treasury estimated address recently deposited 480 million MNT (equivalent to $162 million) into the Bybit Flexible address. SpotOnChain suggests that these MNT deposits may be utilized for Bybit's BitDAO (BIT) rebranding efforts. Last May, BIT had previously announced plans to merge and rebrand with MNT. 💼💰 #CryptoInvestment #Cryptocurrency #Bybit #MantleNetwork