Monday, May 20, 2024

MANTA Airdrop Leaves DeFi Community Fuming

Early adopters of the highly anticipated Layer 2 network report receiving miniscule MANTA allocations.

Manta Network, Ethereum’s third largest Layer 2 with $885M in total value locked, launched its native MANTA token today.

The token is trading at $2.12 at the time of writing, giving the much-hyped project a fully diluted valuation of $2.1B, according to CoinGecko. The token is currently ranked 117th by market capitalization.

MANTA Price chart

Manta allocated 30M tokens – 3% of the total supply – toward an airdrop for early users of the network.