Decentraland MANA

What MANA actually is on-chain

Decentraland is an ERC-20 deployed on Ethereum, at contract address 0x0f5d2fb29fb7d3cfee444a200298f468908cc942. That address, not the ticker MANA, is what uniquely identifies this asset: anyone can deploy a second token calling itself MANA, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, MANA is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in MANA itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

Another asset tracked on this site also uses the ticker MANA: Meme Anarchic Numismatic Asset (Solana, Bw5K8e…pump). The asset on this page is specifically the Ethereum deployment at 0x0f5d…c942. These are unrelated tokens with separate contracts, separate supply and separate price histories — a price alert set on one of them says nothing about the others, and a ticker search is not enough to tell them apart.

For MANA the project publishes a whitepaper, a public source repository and an active account as @decentraland. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where MANA sits in the market

#199 places Decentraland in the upper mid-cap band. Liquidity is already fragmented at this depth: a large share of real MANA volume can sit on two or three venues, so a quote on a secondary exchange may lag the primary market by seconds and by more than a basis point. Position size matters more than entry timing here.

CryptoPingAi is currently streaming 6 live MANA order books (Binance, OKX, Gate.io, HTX, Upbit, Bithumb). That is wider coverage than most assets ranked near #199 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

MANA against its all-time high

MANA is more than 95% below its all-time high of $5.85 (on 2021-11-25) — a 82.3x gap. At this point the record has essentially no analytical value: it belongs to a different supply structure, a different holder base and often a different market cycle. The useful reference for MANA is the downside, not the peak, so the range section below matters more than this one. It was set 5 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

MANA across its historical range

MANA has traded across a 633x range, between $0.00923681 and $5.85. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

MANA trades roughly 7.70x above its record low of $0.00923681 (on 2017-10-31). Recovery from the bottom has been limited, which means the low is still close enough to function as a real reference level rather than a historical footnote.

MANA supply structure

MANA has no hard cap. 1.94 billion MANA of a 2.19 billion total is in circulation (88.2%), leaving 258.0 million held back. That overhang is modest but real — worth checking the unlock calendar before treating float as fixed.

What kind of asset MANA is

Decentraland falls in the gaming and virtual-world category, where token demand depends on player retention rather than on financial flows. The recurring failure mode for this class is well documented: in-game emissions create constant sell pressure while the user base plateaus, so the supply sink stops working before the supply tap does. Active-user data is a better leading indicator here than anything on the price chart.

CoinGecko files MANA under 10 categories, including Entertainment, Gaming (GameFi), NFT, Metaverse, Polygon Ecosystem. CoinGecko also records deployments on Polygon (531 tracked tokens), Ethereum (3,072 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading. Worth flagging from the metadata: MANA has been named in SEC enforcement filings as an alleged security.

How to set a Decentraland alert that is worth receiving

Decentraland is the ERC-20 at 0x0f5d…c942 on Ethereum — quoted on 6 venues we stream — high dated 2021-11-25 — rank #199. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →