ChainCatcher message, Mantle indicates on X that a new proposal from the Mantle Core contributor team has been published on the Mantle forum, detailing the Mantle core budget for the budget period from July 2024 to June 2025.The new proposal authorizes a USDx cap of 52 million tokens, with a total MNT cap set at 200 million tokens.In the second budget period, the interim budget for Mantle core contributors is 15 million USDx and 50 million MNT. The MNT allocation accounts for approximately 1.5% of the circulating supply of MNT, which is below the industry standard.

ChainCatcher message, according to on-chain data analyst @ai_9684xtpa's monitoring, Mantle core contributors deposited 6.25 million MNT into Bybit 8 hours ago, worth 5.21 million USD.The multi-signature address 0xc21...3b0E2 received 6 million tokens distributed from the Mantle Core Contributor Budget contract 23 hours ago, and after multiple transfers, it was deposited into the trading platform through address 0x095...5577C, suspected to be sold.