In the previous week, two crypto tokens, namely $COOK and $MNT, gained significant traction among traders and investors. $COOK, the governance token of the Mantle ecosystem project, has increased by 113%, while $MNT has risen by 50% in the same period. Lookonchain, a well-known blockchain analytics platform, pointed out this massive growth, this time paying particular attention to one of the whales’ substantial investments.
Whale Investment Sparks Interest
An important investment has contributed to boosting the $COOK prices. One of the major crypto whales bought $COOK with 30 mETH, which is approximately $98,000, and received 2.46 million tokens. This purchase was made on November 10th and coincided with a sharp increase in the market value of the token, which may also affect high-value investor activity.
Rising Prices and Market Performance
From the CoinGecko data, $COOK is currently traded at $0.03944 after ranging within $0.03659 – $0.03975 in 24 hours. The token has a circulation market cap of $37,895,912, while the fully diluted market cap is $197,319,126. There has also been a high trading volume in the token over the last 24 hours, and it went as high as $15 million.
$MNT, which is part of the Mantle system and has an impressive increase in its value. Currently, at $0.8013, $MNT has been oscillating in the range of $0.7621 to $0.8335 over the last day. Currently, the token has a market capitalization of about $2.7 billion, a fully diluted Market Capitalization of approximately $5 billion, and a daily trading volume of approximately $197,813,592.
Market Implications
The trends in the price of $COOK and $MNT indicate that investors in the Mantle ecosystem and its projects are still optimistic. Whale activity, in particular, gets the attention as they usually engage in it to show their faith in the project’s ability to grow in the future. Since $COOK has increased by more than 100% and $MNT by 50%, it may attract other investors to look for potential business ideas in the Mantle ecosystem.
The recent rise of $COOK and $MNT shows that large investments can impact the shape of the crypto market. In the future, the growth of the Mantle ecosystem and the interest of large-scale investors can keep $COOK and $MNT in the focus of attention. Whether these gains persist or trigger further increases depends on the overall environment and investor sentiment in the subsequent weeks.
