The 30% rise of MNT this time is impressive, but don't rush to enter a position.

On-chain data shows that retail investors have been accumulating Mantle recently, with short-term traders flooding into the market. $MNT surged from $0.93 to $0.96, looking strong, but the real question is—how long can this volatility last?

From an on-chain indicator perspective:
• The proportion of large holders' positions is instead decreasing.
• The inflow to the exchange is increasing (which may be a signal to reduce positions)
• Market sentiment is full of FOMO, but the fundamentals haven't caught up.

Historical trends tell us that a retail frenzy often signals a peak. The current rise of MNT seems fierce, but it lacks support from institutional bottom-fishing. In the short term, it may continue to fluctuate, but to break through to new highs, more incremental funds need to enter the market.

Are you bottom fishing or chasing highs? See you in the comments.