mETH Protocol (COOK) Price Prediction

Deep Dive

1. Institutional mETH Demand (Bullish Impact)

Overview:
mETH became the first liquid staking token held by a publicly traded company (Republic Technologies) in May 2025, with plans to expand via Mantle Index Four – a $1B-target tokenized fund backed by Mantle’s treasury. Institutions like World Liberty Fund also use mETH as collateral, signaling growing trust.

What this means:
Demand for COOK could rise as governance participation becomes critical for managing these institutional inflows. Similar LST governance tokens like LDO gained 120% in 3 months post-major partnerships (CoinJournal).

2. Mantle Ecosystem Integration (Mixed Impact)

Overview:
Upcoming Mantle Banking aims to let users spend/borrow against mETH in traditional finance (2025 rollout). While this expands utility, COOK’s role here is unclear – governance may not directly correlate with usage volume.

What this means:
Successful integration could attract non-DeFi users, but COOK’s 916M circulating supply (18% of total) risks dilution if ecosystem growth lags. Recent 35% monthly price drop aligns with Mantle’s broader -20% MNT performance (CMC).

3. Technical Oversold Signals (Neutral Impact)

Overview:
COOK’s RSI (7-day: 28.4) signals extreme oversold conditions, but price remains below all key moving averages (7-day SMA: $0.0125 vs. current $0.0107). MACD histogram (-0.00026) shows sustained bearish momentum.

What this means:
While a technical bounce is possible, weak volume (19% below 30-day average) and high turnover (30.2%) suggest speculative trading dominates. Historically, LST tokens like RPL rebounded 40-60% from similar RSI levels when staking activity accelerated.

Conclusion

COOK’s price hinges on whether institutional adoption outpaces its diluted supply and Mantle’s execution risks. The 78.6% Fibonacci retracement at $0.0125 is a key resistance – can Republic Tech’s Q3 treasury expansion plans catalyze a breakout? Monitor Mantle Banking’s user metrics and COOK burn mechanisms for directional cues.