Shiba Inu Loses Traction as Mutuum Finance Presale Raises $19.5M
Shiba Inu (SHIB) shows waning user engagement and sustained downward price pressure, prompting parts of its community to consider alternatives. Mutuum Finance (MUTM) has emerged as a leading presale opportunity: the project says it completed a security audit and has raised more than $19.5 million from about 18,500–18,580 investors. MUTM is in Phase 6 of its presale at $0.035 per token (claimed ~99% sold), roughly 250% above its initial price. Later presale phases will price tokens at $0.04, with a planned public launch target of $0.06. The protocol markets two lending models — a communal asset pool and customizable loan contracts — plus an in-development $1 stablecoin and a daily leaderboard that rewards top buyers. The coverage frames this shift as part of a broader rotation from memecoins like SHIB toward projects with defined DeFi utility and structured tokenomics. The piece is a sponsored press release and includes a disclaimer urging independent due diligence.
Bearish
For SHIB specifically, the news is bearish. Declining community engagement and ongoing price pressure, combined with a visible shift of some capital into alternative presales like Mutuum Finance, suggest reduced demand for SHIB in the near term. Traders may reallocate speculative capital from memecoins toward DeFi projects perceived to have clearer utility and structured tokenomics, increasing selling pressure on SHIB. In the short term, expect constrained upside for SHIB until it reclaims key support or signs of renewed on-chain activity appear. For MUTM, the presale momentum and claimed funding are positive signals for investor interest but do not directly imply immediate upside for SHIB — instead they represent capital flow away from memecoins. Over the longer term, SHIB’s recovery will depend on renewed utility, development progress, or broader market risk-on conditions; absent that, competing DeFi narratives could sustain relative underperformance.