Mantle (MNT) has posted gains of over 4% in the past 24 hours, trading near $0.6456, as market sentiment improves following clarification that the KelpDAO rsETH exploit was isolated and did not affect Mantle’s core infrastructure. The token has outperformed Bitcoin, which rose approximately 2.26% over the same period, amid a broader altcoin rotation that has also lifted Stellar (XLM), Toncoin (TON), and MemeCore by 5% to 7%.
Mantle’s daily range spanned from $0.6179 to $0.6476, with daily trading volume crossing $1.11 billion, indicating strong participation. Despite the recent rebound, the token remains down about 4% over the past week and 11.74% over the past 30 days, suggesting the move is more of a recovery within a volatile range than a sustained trend reversal.
In response to the incident, Mantle issued an official statement confirming that its network, official bridges, and core assets remain fully secure and unaffected. According to LayerZero’s analysis, the vulnerability was limited to KelpDAO’s rsETH configuration, with no interaction with Mantle contracts or markets. On-chain data shows that approximately $204 million in core USD liquidity was repaid within 48 hours following the April 18 event, helping stabilize conditions after a sharp decline in total value locked.
Mantle is actively coordinating with Aave and other affected protocols on a structured recovery plan, which may include potential participation from the Mantle treasury to reinforce ecosystem stability. The team stated that recovery will be executed in close collaboration with partners to ensure alignment and long-term resilience.
From a technical perspective, MNT faces immediate resistance at $0.69. A break above this level would strengthen the recovery structure. However, if the token falls below the $0.62 support level, the next significant support lies near $0.58. The short-term outlook remains cautiously bullish, contingent on MNT holding above $0.62 and building momentum to challenge resistance above $0.66.
