After a recent sharp decline in the price of PEPE, investor interest has shifted to a new DeFi project - Mutuum Finance (MUTM).
Decline of PEPE Price
The meme coin PEPE, which has established itself as a popular asset, is facing significant selling pressure amidst market volatility. Since its launch, it has delivered mixed results, but its price has fallen by over 26% in the past month. This decline has caused small investors to become more cautious, while larger holders have started offloading their tokens, making it harder to reach the desired price of $1.
Mutuum Finance (MUTM) Presale
As interest in PEPE declines, investors are turning to Mutuum Finance (MUTM). The presale of MUTM tokens has successfully raised over $11.2 million. In the current phase of the presale, tokens are priced at $0.03, which is a 20% increase from the previous phase. It is expected that in phase six, the price will rise by another 16.67% to $0.035. In the last month, around 12,450 participants have purchased tokens in the presale, confirming the high interest in the project.
Mutuum Finance Protocol
Mutuum Finance is a blockchain-based lending protocol where users can participate as borrowers, lenders, or liquidators. Lenders can earn passive income from interest based on the utilization rate of asset pools. The protocol includes mechanisms to protect lenders’ capital, such as over-collateralization, which ensures long-term stability of the ecosystem.
Interest in Mutuum Finance is growing amid the decline of PEPE, and it is expected to become an attractive alternative for investors in the crypto industry.
