SHIB Slides Since 2021 Peak as Traders Shift to DeFi Token MUTM

Published: 2026-02-07 23:19:45 |

Shiba Inu (SHIB) has lost more than 60% from its 2021 peak and is trading near $0.000006–$0.0000075, with key resistance around $0.000010–$0.000012 and critical support at roughly $0.00000678; a break could expose SHIB to downside toward $0.000004. The coin finished 2025 under sustained pressure (declines in 10 of 12 months), prompting some traders and former meme-coin holders to reallocate capital into utility-focused crypto projects. A leading beneficiary is Mutuum Finance (MUTM), a decentralized non‑custodial lending and borrowing protocol currently completing late-stage token distribution. MUTM has moved through multiple presale stages (priced at $0.035 in stage 6, $0.04 in later stages) and reports roughly $19.5M–$20.4M raised and about 18,000–19,000 holders. Project updates include a V1 testnet launch (Sepolia) with liquidity pools, interest-bearing mtTokens, debt tokens, a Liquidator Bot, Halborn security review and a reported CertiK score, plus fiat onramps and promotional incentives. The token’s mechanics—fee buy-and-distribute and mtTokens—are positioned to tie token value to protocol usage. For traders, the story signals rotation from low‑utility meme assets toward measurable DeFi utility: SHIB’s weak momentum increases downside risk, while MUTM’s late-stage scarcity, leaderboard incentives and onramps may prop speculative demand ahead of mainnet. This is a press-release–style update; perform due diligence before trading.

Bearish

For SHIB: Price action and both summaries point to sustained downward momentum and significant downside risk if key support near $0.000006–$0.00000678 fails. Historical monthly losses and the large gap to 2021 highs reduce near-term bullish catalysts; trader capital rotation away from SHIB increases selling pressure. This justifies a bearish short‑term and near‑term view on SHIB’s price. For MUTM: The token’s late-stage presale scarcity, reported fundraising (~$19.5M–$20.4M), testnet activation and security reviews can spur speculative demand and short-term inflows. However, these are presale/early-stage signals rather than on-chain mainnet adoption metrics; price upside is contingent on successful mainnet launch, real user activity, and transparent audits. The net market effect is a likely capital reallocation from meme assets (bearish for SHIB) toward high‑risk, early-stage DeFi tokens (neutral-to-bullish for MUTM in the short term), but the overall implication for SHIB’s price remains bearish.