Mutuum Finance (MUTM) Presale Tops $20M as Traders Seek DeFi Upside Beyond Bitcoin
Bitcoin (BTC) remains under key resistance near $90K, prompting traders to hunt for higher-percentage gains in emerging DeFi tokens. Mutuum Finance (MUTM) has progressed through presale phases and raised over $20.25 million from more than 18,930 investors as of Phase 7 (price $0.04). MUTM’s token climbed from an initial $0.01 to $0.04, delivering early-phase returns; promoters cite possible future targets (for example $0.40) and example profit scenarios. The protocol markets dual lending/borrowing models (peer-to-contract liquidity pools and peer-to-peer contracts), over-collateralized loans with LTVs up to 80% for assets like ETH, Chainlink oracles for real-time price feeds, a Halborn-audited lending/borrowing smart contract, and yield opportunities (examples: 7–10% APY on deposited ETH) while preserving liquidity via a native stablecoin. The reporting is a paid press release and includes a disclaimer urging investors to perform due diligence. For traders: the presale progression and promotional price targets signal short-term speculative upside for MUTM, while Bitcoin’s inability to clear resistance is driving rotation into higher-risk DeFi presales. Monitor presale stage announcements, token unlock/vesting terms, on-chain liquidity plans, oracle/security audits, and overall market risk appetite before allocating capital.
Bullish
The news is bullish for MUTM specifically because the presale has raised over $20M, moved through phases with price increases (from $0.01 to $0.04), and the project highlights lending/borrowing utility, Chainlink oracles, and an audited contract — all signals that can attract speculative capital and increase demand ahead of token listing. Short-term market behaviour is likely driven by presale momentum, promotional price targets, and traders rotating capital away from BTC while it faces resistance. However, this is speculative: key risk factors (token unlock schedules, liquidity on listing, real usage, and the credibility of audits/claims) could trigger sharp downside if unmet. For Bitcoin, the article implies neutral-to-bearish pressure as BTC’s failure to hold above $90K encourages capital flow into higher-risk DeFi presales rather than directly lifting BTC prices. Overall impact: bullish for MUTM pre-listing speculation; conditional and risky — traders should monitor vesting, liquidity, audit proofs, and broader market risk appetite.