Mainframe's pivot to DeFi remains positive

Profile picture
Garry Kabankin
Oct 15, 2020

Assets covered: Mainframe MFT

Metrics used: MVRV, Exchange Inflow, Daily Active Deposits, Network Profit/Loss, Age Consumed, Holders Distribution, Amount held by top non exchange wallets

Summary: Mainframe showing healthy signs of whales accumulation


Originally billed as a decentralized communication platform promising a censorship and surveillance-resistant communication protocol, the Mainframe project pivoted to decentralized lending platform earlier this summer. This move has boosted the price as we covered in July.


Mainframe has caught our attention being one of the most oversold tokens in terms of MVRV. Let me show it on charts:

Source: Sanbase
Source: Sanbase

An inflow of MFT tokens to exchanges shows a very clear top near the spike, meaning Mainframe has a very smart investors:

Source: Sanbase

Now we're back to normal exchange activity. Every time we saw these spikes there was a local top, immediate sell

There’s more of this Insight

Choose your subscription plan

Sanbase PRO

Unlock all PRO insights
$51/mo

Years of market experience, compressed in each report

Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.

Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.

Our previous TOP calls:
WAVES crowd sentiment patternMATIC charts a new ATH: is the top in?ICX insanity. How far could it go?
insight card
signal form

What you get with Sanbase Pro:

  • Members-only daily market insights and analysis
  • 30+ on-chain, social & project indicators for 900 cryptocurrencies
  • Custom alerts for the coins' price, on-chain & social trends
  • Santiment Spreadsheet plugin with 10+ pre-made market templates
  • Personalized asset watchlists and weekly performance reports

Gain unfair advantage with Sanbase Pro

Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!

Assets from this insight

Mainframe  logo

Mainframe MFT

$ 0.001895

3.21%in last 7d
0