Shiba Inu (SHIB) demonstrates a slowdown after a recent price spike, while Mutuum Finance captures attention in the DeFi sector.
Shiba Inu: Signs of Slowdown
Shiba Inu (SHIB) has recovered to hover just above the $0.000012 line after a small parabolic jump to the $0.000012 - $0.000013 range. However, it has also experienced a nearly 19% decline from recent highs. On-chain data shows strong support around $0.000011. Exchange order book data indicates an increasing number of sell-side orders totaling about 3.1 trillion SHIB, suggesting potential consolidation. Trading volume has declined by more than 88%, indicating that large investors are stepping back.
Mutuum Finance: Bug Bounty Program and Innovations in DeFi
Mutuum Finance recently launched its official Bug Bounty Program in partnership with CertiK, allocating $50,000 USDT in rewards. The bounty is tiered across four severity levels: critical, major, minor, and low, reinforcing the project’s commitment to security and transparency. Mutuum Finance aims to develop a hybrid lending system catering to passive and sophisticated users.
Interest in Mutuum Finance Grows
Mutuum Finance has already attracted over 12,500 investors and raised over $11.2 million during its presale phase. This success speaks to the growing confidence in the project's long-term vision. To show appreciation to early supporters, Mutuum Finance launched a $100,000 giveaway campaign offering an opportunity to win $10,000 in Mutuum Finance tokens.
While Shiba Inu shows a slowdown in momentum, Mutuum Finance is actively attracting attention and funds, indicating a potential shift in investors' interests in the crypto industry.
