A closely followed crypto strategist believes that the native asset of a layer-2 scaling solution could witness an over 3x rally this year.

Pseudonymous analyst Inmortal tells his 231,000 followers on the social media platform X that he’s bullish on Mantle (MNT), noting that he believes the altcoin has already printed a 2025 bottom at around $0.6.

According to the trader, a 279% rally for MNT this year is a high-probability scenario.

“Starting to feel like bottom is in.

Big players have been buying over the last few weeks, and it shows.

$3 in 2025 is very likely, high-conviction play for me.”

Based on the trader’s chart, he seems to predict that MNT will surge to $1.30 in the coming months.

At time of writing, MNT is worth $0.79.

Turning to Bitcoin, the trader unveils a potential path for BTC to print a durable bottom this year. According to Inmortal, BTC could temporarily drop below $70,000 before igniting the next stage of the bull market en route to a new all-time high of $135,000.

“They will try to shake you out, but this is the bottom.

Save the tweet.

BTC.”

At time of writing, BTC is trading for $82,374.

As for Ethereum, Inmortal predicts that the price of ETH may plummet below $1,500 before sparking a short-term rally toward $2,000.

“Expansions lead to retraces. Retraces lead to bounces.

Bounce soon.”

At time of writing, ETH is trading at $1,822.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Crypto asset manager and research firm CoinShares says institutional investors poured millions of dollars into altcoin digital asset investment products last week.

In its latest Digital Asset Fund Flows Weekly Report, CoinShares says crypto products enjoyed inflows last week after record-setting levels of outflows.

“Digital asset investment products saw US$226m of inflows last week suggesting a positive but cautious investor. Following the largest outflows on record, ETPs have seen 9 consecutive trading days of inflows.

Last Friday was the exception, seeing minor outflows totaling US$74m, likely in reaction to core personal consumption expenditure in the US coming in above expectations, implying the US Federal Reserve is likely to remain hawkish despite recent data alluding to weak growth.”

Bitcoin (BTC) products, as usual, led the charge with $195 million in inflows. The king crypto was followed by altcoins, which broke a month-long streak of outflows. Leading inflows were Ethereum (ETH), Solana (SOL), XRP and Sui (SUI).

“Altcoins in aggregate saw their first week of inflows totaling US$33m, following 4 consecutive weeks of outflows totaling US$1.7bn. The key beneficiaries being Ethereum, Solana, XRP and Sui, with inflows of US$14.5m, US$7.8m, US$4.8m and US$4.0m respectively.”

Regionally, the US led the world with $204 million in inflows. Switzerland and Germany also pitched in $14.7 and $9.2 million in inflows, respectively.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A memecoin creator notorious for being involved with several controversial projects is continuing to dump his coins even after a 95% drop.

New data from the blockchain tracking firm Bubblemaps is shedding light on on-chain activity of Hayden Davis, who admitted to having a role in both Libra (LIBRA), a memecoin originally backed by Argentinian President Javier Milei before he quickly disavowed it, and Melania Meme (MELANIA), a coin inspired by Melania Trump.

MELANIA began a steep descent the very day it was launched in January and is now down 95.3%.

Says Bubblemaps,

“Hayden Davis is STILL selling MELANIA

He recently sent $1 million to exchanges and extracted over $2 million from the liquidity pools…

For weeks, his MELANIA wallets were inactive – until now…

In total, Hayden sent $1,065,153 worth of MELANIA to centralized exchanges and extracted $2,050,666 from the liquidity pool over the last 14 days.

And many wallets haven’t sold yet.

Why act now?

Hayden may have seen the recent drop in attention as a window to quietly move funds while fewer people were watching

We’ll keep monitoring for further activity.”

At time of writing, MELANIA is trading for $0.615.

Argentinian authorities are reportedly attempting to have Davis arrested by Interpol for his role in LIBRA.

Says prosecutor Gregorio Dalbón,

“I’m here to request the immediate detention of Hayden Mark Davis, a citizen of the United States, who is accused of being one of the principal actors behind the launch of the cryptocurrency LIBRA…

The possibility that Davis will abandon his country of residence or hide to avoid answering for his alleged acts appears to be aggravated by the economic resources he possesses, which he can use to move or remain in hiding, hindering our investigation.”

President Milei quickly disavowed LIBRA, claiming that he was tricked into supporting its launch.

Said Milei in Spanish,

“I was not aware of the details of the project and after having become aware of it I decided not to continue spreading the word (that is why I deleted the tweet).

To the filthy rats of the political caste who want to take advantage of this situation to do harm, I want to say that every day they confirm how vile politicians are, and they increase our conviction to kick them in the a**.”

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