Mutuum Finance Presale Nears Completion with $18.6M Raised; SOL Under Bearish Pressure
Mutuum Finance’s presale has entered Phase 6 at $0.035, marking a 250% increase from Phase 1. With over 17,600 participants and $18.6 million raised, the sale is now 90% complete. Phase 7 will see the price rise to $0.04 ahead of a planned $0.06 listing. The DeFi lending protocol, featuring peer-to-peer and liquidity-pool lending, will launch Version 1 on Sepolia Testnet later this year—introducing liquidity pools, over-collateralized loans up to 75%, mtToken rewards and automated liquidator bots. Card and debit purchases boost accessibility, and analysts say Mutuum Finance could outperform Solana’s 2021 bull run returns. Meanwhile, Solana (SOL) faces short-term bearish pressure after rejection at its 20-day EMA near $198. Trading in a descending channel, SOL finds support at $165–$175 and key levels at $131 and $104; a break above $206 is needed to reverse the downtrend, while a drop below $155–$145 could signal deeper correction. Traders should monitor these levels and manage risk accordingly.
Bullish
Mutuum Finance’s strong presale traction—90% sold, $18.6 million raised, price climbing through phases and enhanced accessibility via card purchases—signals growing investor confidence and potential token demand ahead of listing. Coupled with upcoming protocol upgrades on Sepolia Testnet, the news underpins a bullish outlook for MMT. Although SOL shows technical weakness, the core impact of the story centers on Mutuum Finance’s positive momentum, suggesting favorable short- and long-term price pressure for the token.