Mutuum Finance Presale Raises $10.8M as TON Rallies 40%

Toncoin (TON) surged 40% on renewed Telegram-driven enthusiasm, but attention is now on Mutuum Finance. The DeFi lending protocol has quietly raised over $10.8 million in its Phase 5 presale at $0.03 per MUTM token, attracting more than 12,300 investors. Mutuum Finance combines Peer-to-Contract (P2C) and Peer-to-Peer (P2P) lending and plans to issue an overcollateralized USD-pegged stablecoin. It integrates Layer-2 infrastructure for fast, low-cost transactions. Users deposit assets like USDC, ETH, BNB or AVAX into liquidity pools and receive mtTokens that accrue interest automatically based on pool utilization. A portion of protocol revenue funds MUTM token buybacks and rewards mtToken stakers. The P2P model allows traders to set custom terms with tokens such as PEPE, DOGE or SHIB. Security is bolstered by a CertiK audit score of 80. Early investors could see up to 25× returns if MUTM reaches $0.75 post-launch. With a beta launch imminent, exchange listings planned and a $100,000 community token giveaway, Mutuum Finance is positioning itself as a scalable, yield-driven DeFi project with real utility.
Bullish
This news is bullish for TON and MUTM. TON’s 40% rally on Telegram-driven hype shows strong retail interest and momentum, potentially sustaining short-term volatility and trading volume. For Mutuum Finance, raising over $10.8 million in Phase 5 presale at $0.03 per token signals high investor confidence. The combination of P2C/P2P lending, a planned overcollateralized stablecoin, Layer-2 integration, CertiK audit and community incentives (beta launch, $100k giveaway) enhances long-term fundamentals. Traders may see immediate arbitrage opportunities from presale to launch price, while institutional and retail participation could support steady growth post-listing.