MANTA has experienced significant value appreciation over the past week, despite a recent 2.565% decline in the last 24 hours. Its value surged by 47.98% over the last 7 days, now standing at an impressive $3.7 billion valuation, just 10 days since its launch.

Early investors had the opportunity to acquire MANTA during the airdrops that commenced on January 18, 2024. The network operates on two distinct layers, Manta Pacific and Manta Atlantic, with Manta Pacific boasting a total value locked (TVL) of $1.7 billion, solidifying its position as the third-largest Layer 2 network.

Despite the optimism surrounding MANTA, some traders are shifting their assets away from the network in anticipation of the next airdrop, although no specific date has been announced yet. Concerns have arisen within the community regarding the network's processing capabilities, with a throughput of 1.5 transactions per second (TPS) compared to leading Layer 2 solutions like Optimism and Arbitrum.

The Manta community is looking towards integration with Moonbeam to enhance interoperability with the Polkadot ecosystem. Additionally, there are plans to migrate Manta Pacific to a zkEVM solution based on Polygon in the near future.

While MANTA's recent performance has been inconsistent, with a decline in the last 24 hours, the overall sentiment in the cryptocurrency market remains bullish, with Bitcoin (BTC) and Ethereum (ETH) showing significant gains. Predictions suggest that BTC could reach $100k and ETH could approach $4k by the end of 2024, although these estimates are subject to change.

Currently trading at $3.58, MANTA's slip in value appears manageable, indicating the potential for recovery. Meanwhile, WEN, another token gaining attention, experienced a 15% drop after its recent airdrop, with users claiming over $429 billion worth of tokens.

Claiming WEN tokens required users to transact on the Jupiter Exchange over the past six months, with the top trading pairs being USDC/WEN and SOL/WEN.

In summary, MANTA's rapid rise to a $3.7 billion valuation and its prominence as the third-largest Ethereum L2 network demonstrate its potential for growth, despite recent fluctuations in value.