MANTLE Records Its Largest Volume Day in 90 Days — Price Falls Anyway
Mantle recorded volume of 1.33 billion units on April 19 — 28.4x its 90-day average of 46.8 million and nearly 9x the previous 90-day single-day volume record of 148.6 million — yet price fell -5.9% on the day. Volume explosions that accompany price declines are a classic distribution signal: heavy sellers are meeting buyers at scale but winning the price battle.
Supporting 6 queries
To surface this insight, Baselight ran 6 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.
Conclusion
MANTLE Apr 19 volume = 1,330,544,024; 90d avg volume = 46,776,374; ratio = 28.4x; prior 90d volume max = 148,587,848 (Apr 19 is 8.96x that record). MANTLE Apr 19 close = $0.622 vs Apr 18 close = $0.661 (-5.9%); 7d return = -6.4%; 30d return = -17.2%; 90d high = $0.919; pct from 90d high = -32.3%.