Solana’s market is on high alert this week after a sudden movement of more than $836 million in SOL by large holders sparked new volatility on exchanges. Although Solana’s fundamentals remain intact, aggressive whale activity is normally a precursor to violent market action, so some investors are hedging into new opportunities like Mutuum Finance (MUTM), a DeFi altcoin increasingly popular as a hedge against large-price volatility. At presale stage 6 that is 50% sold out, at a price of $0.035, MUTM is creating a lending-and-borrowing protocol with actual utility and far more upside in the early stages.
Mutuum Finance has already made over $16.3 million and had over 16,570 holders. With a confirmed launch price of $0.06 and roadmap with multi-chain expansion and institutional partnerships.
The technical perspective for Solana has weakened as price action cannot trade above $220 and is continuously rejected near $240, trading below its 30-day moving average and exerting heavy pressure on the major $210 support zone. A close below this level could open the door to another dip towards the psychological $200 level, with momentum indicators backing the bearish case. Interestingly, the last time this setup was seen, SOL dropped to $126 before rebounding 62%, with speculation now rampant that another such cycle is now underway.
Mutuum Finance (MUTM) sixth presale round is progressing at a fever pitch. The project has thus far raised over $16.3 million and has been bought by over 16,570 holders. People participating in this round are poised to enjoy astronomical rewards once the token is listed on the market. Besides its success in presale, Mutuum Finance is strongly focused on creating a stablecoin and balanced ecosystem on the Ethereum chain.
In addition to protecting its platform, Mutuum Finance has also collaborated with CertiK to announce a $50,000 USDT Bug Bounty Program. The program is designed to invite security developers, white-hat hackers, and researchers to find bugs on the platform. The bugs are effort and risk levels: major, critical, minor, and low. This is a significant step towards protecting users’ balances and boosting investor confidence even further.
Mutuum Finance is looking to expand the reach of the existing DeFi network. In its community engagement, the project has launched an early bird token reward of $100,000 giveaway, in which 10 winners can receive $10,000 MUTM.
The project’s vision is to test the boundaries of the present DeFi ecosystem. True to this conviction, Mutuum Finance employs Chainlink oracles for trading, lending, and asset prices in USD terms. It also supports assets such as ETH, MATIC, and AVAX. To make it reliable, the system employs fallback oracle modes, composite data feeds, and decentralized exchange time-weighted averages to fetch very precise price data even in times of highly volatile markets.
The protocol is a closed-order book architecture with market risk aversion and illiquidity as top priorities. The protocol is implemented through a set of mechanisms like close levels, liquidation thresholds, and incentive to liquidators. Underlying volatility directly prescribes the Loan-to-Value (LTV) ratio as well as liquidation policies: the higher, the tighter parameters and lending conditions. In addition, reserve multipliers are also differentiated by asset risk weightings for the purpose of adding stability, security, and resilience to the system under different conditions in the markets.
Mutuum Finance (MUTM) is picking up steam as a stable hedge against Solana’s (SOL) heightened volatility. Stage 6 tokens are priced at $0.035 and already 50% sold, with a launch price guarantee of $0.06, offering huge upside. The project has raised over $16.3 million and added 16,570+ holders, reflecting ramped-up adoption and firm market confidence. Enter Stage 6 now before the next price hike and get in early to reap maximum returns.
For more information regarding Mutuum Finance (MUTM) please use the following links:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance