Mantle’s native token MNT experienced a devastating drop this past month, shedding nearly 40% from its monthly high of $1.80 to current levels near $1.00. The collapse accelerated despite a flurry of institutional adoption news – including partnerships with Chainlink, DMZ Finance for the world’s first DFSA-approved tokenized money market fund, and custody integration with Anchorage Digital. What’s particularly striking is how these typically bullish catalysts failed to provide any floor for the price action, suggesting deeper structural issues at play. The main question for traders is: has MNT found a bottom after this 40% washout, or does the technical damage signal more pain ahead?