Mantle May Lead Altcoin Bounce as Avalanche Also Posts Double-Digit Gains Amid Crypto Market Downturn

• Mantle: +12.1% — boosted by Bybit partnership, $5.9B market cap

• Avalanche: +10.7% — corporate treasury buy and elevated spot/futures inflows

• Aster: +7% with TVL jump to $1.46B and $6B perp volume (DefiLlama, platform data)

Mantle and Avalanche gains: Mantle +12.1% and Avalanche +10.7% outperform flat market—read market drivers, data, and next steps. Read now on COINOTAG.

What caused Mantle and Avalanche gains amid a broader crypto downturn?

Mantle and Avalanche gains were driven by discrete on-chain flows and corporate/market partnerships rather than a broad market rally. Mantle’s Bybit partnership and Avalanche’s large corporate AVAX acquisition and high trading inflows pushed both tokens into double-digit daily gains, despite wider market weakness.

How did Mantle climb 12.1% today?

Mantle’s 12.1% daily jump coincided with a partnership announcement with centralized exchange Bybit that expanded institutional leverage and loan terms. The move increased trading interest and lifted Mantle to a $5.9 billion market cap, making it the 37th largest token by market cap.

How did Avalanche register a 10.7% gain?

Avalanche’s 10.7% rise followed a corporate rebrand to AVAX One and a reported $550 million token purchase for a digital asset treasury pivot. Avalanche saw spot inflows of $6.67 million and futures inflows of $80.44 million on Monday, with $4.29B and $4.46B trading volumes recorded on Monday and Friday respectively (CoinGlass, market data).

What broader market context explains selective altcoin strength?

Overall crypto markets traded flat after a volatile week that included roughly $1.6 billion in liquidations on Monday. Selective gains reflect concentrated flows and project-specific news rather than systemic bullishness. Investors typically rotate into tokens with fresh demand signals and corporate endorsements.

Frequently Asked Questions

Which tokens posted the largest gains today?

Mantle and Avalanche posted the largest gains among top 100 tokens, with Mantle up 12.1% and Avalanche up 10.7%. Aster, NEAR, CRO, and Stellar also recorded notable single-digit gains.

Are these moves driven by spot purchases or derivatives flows?

Both. Avalanche showed strong spot and futures inflows (spot daily inflow $6.67M; futures $80.44M), while Mantle’s rally tied to exchange-level partnership demand. Data sources reported include CoinGlass and CoinGecko as referenced in-market data summaries.

Key Takeaways

• Mantle outperformed: Partnership with Bybit correlated with a 12.1% daily surge and higher trading interest.
• Avalanche strength: Corporate treasury purchase and large spot/futures inflows drove a 10.7% gain.
• Selective strength: Moves are token-specific; overall market remains flat after major liquidations.

Conclusion

This data-driven update shows Mantle and Avalanche gains reflect targeted demand and corporate actions rather than a universal market recovery. Monitor on-chain flows, exchange-level partnerships, and corporate treasury activities for early signals. For ongoing coverage and updates, follow COINOTAG’s market briefs and data summaries.

Published: 2025-09-23 | Updated: 2025-09-23 | Author: COINOTAG