Dragonfly Capital's large-scale MNT fund outflow accelerates, entering a new phase in MNT to USD conversion

Rugman_Walking · 2026-01-09T10:36:12+00:00

Dragonfly Capital has accelerated its funding to major exchanges, depositing 6 million MNT tokens worth approximately $6.95 million in just a week. They currently manage 9.15 million MNT tokens across multiple wallets, valued at around $10.76 million. The ongoing institutional investment could significantly impact the MNT market, with strategic adjustments anticipated based on market fluctuations.

Rugman_Walking

2026-01-09 10:36:12

Abstract generation in progress

Institutional investor Dragonfly Capital is accelerating its funding to major exchanges. According to PANews, in just the past 7 days, they have deposited a concentrated 6 million MNT tokens (currently approximately $6.95 million USD based on the MNT to USD exchange rate).

Overall Holdings Overview

Through Dragonfly Capital’s multi-wallet strategy, they are currently managing 9.15 million MNT tokens across multiple wallets. When converted at the MNT to USD exchange rate, the total valuation reaches approximately $10.76 million. With MNT currently trading around $0.98, the movements of large VCs are closely watched by market participants.

Market Implications

Continuous funding from large institutions could significantly impact the future trajectory of the MNT price. The asset allocation strategy through wallet diversification suggests an intent for strategic position adjustments. Market interest is focused on how the next moves of these institutions will unfold, in tandem with fluctuations in value when converted to USD.

MNT2,31%

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