XRP ETF Filing Acknowledged by SEC, but Ripple Whales Keep Dumping for This ‘XRP Killer,’ What’s Going On?

Source Cryptopolitan

The SEC has recently acknowledged Grayscale’s filing for an XRP ETF, a crucial step toward potential approval. This starts a review period, after which the SEC will decide on the ETF. While this has sparked optimism, pushing XRP to $2.54, the ongoing Ripple vs. SEC lawsuit remains a major hurdle. Despite the bullish news, XRP whales are increasingly offloading holdings and moving into Mutuum Finance (MUTM), a rising DeFi competitor. Mutuum Finance is priced at $0.01 in the first phase of its recently launched presale. The presale has been a major success attracting over 1500 investors in just days to raise more than $830,000. Phase one is already 75% sold out with the chance to catch the lowest price ever, $0.01, quickly fading. Phase 2 will see the price of MUTM tokens jump to $0.015, a 50% hike. 

XRP’s ETF Hype Grows, but Legal Uncertainty Looms

The SEC’s acknowledgment of Grayscale’s XRP ETF filing has fueled optimism among investors, temporarily pushing XRP to $2.57. This marks a significant step toward potential approval, triggering a 240-day review period. Analysts at Bloomberg estimate a 65% chance of approval by late 2025, but XRP’s fate remains tied to its ongoing legal battle with the SEC over its classification as a security. While an ETF approval could provide institutional exposure and price stability, regulatory hurdles may delay any major breakout. With uncertainty still clouding XRP’s long-term outlook, some investors are looking elsewhere for higher upside opportunities.

Mutuum Finance: Revolutionizing Decentralized Lending

Mutuum Finance is transforming the DeFi market with a secure, efficient, and user-friendly platform designed to provide passive income opportunities for investors while allowing borrowers to access liquidity without liquidating their assets. A dual-lending model enhances flexibility, enabling seamless participation in both lending and borrowing within the ecosystem.

The ongoing presale presents a once-in-a-lifetime chance to acquire MUTM tokens at just $0.01 during Phase 1. A 50% price increase is set for Phase 2, with the token reaching $0.06 at launch, offering early investors the potential for 600% returns before public trading begins. Analysts foresee even greater growth, with some projecting MUTM could surpass $1 in 2025, positioning it as a rising force in DeFi.

Investor interest continues to surge, with more than $835,000 raised and over 75% of Phase 1 tokens already secured. Participants in the early stages will collectively hold 45.5% of the total 4 billion token supply, establishing a strong foundation for long-term price stability. Unlike inflationary token models, Mutuum Finance’s structured presale pricing ensures sustainable growth and lasting value.

Major Catalysts Driving Expansion

  • Beta Platform Launch: The upcoming beta release of the Mutuum Finance lending platform will allow early users to experience its lending and borrowing functionalities firsthand. This milestone will drive adoption, refine the user experience, and lay the groundwork for a full-scale rollout.
  • Fully Collateralized Stablecoin: A USD-pegged, fully collateralized stablecoin will be introduced on the Ethereum Mainnet, providing a reliable and secure financial tool within the ecosystem, unlike volatile algorithmic stablecoins.
  • Exchange Listings & Market Growth: As investor demand increases, upcoming exchange listings will enhance liquidity and accessibility, further strengthening MUTM’s market presence. With solid tokenomics and real-world utility, Mutuum Finance is poised to become a standout in the DeFi sector.

$100,000 Giveaway for Early Supporters

To accelerate adoption and reward early participants, Mutuum Finance is giving away $100,000, with 10 winners each set to recieve $10,000 in MUTM tokens. This initiative fosters community engagement while adding momentum to one of DeFi’s most promising projects.

Mutuum Finance is a high-upside alternative to XRP, free from regulatory hurdles. While XRP’s ETF faces delays, MUTM’s presale is selling fast, with prices set to rise. There is less than 25% of the initial allocation left in phase one. Join the presale now before a 50% price spike as phase 2 kicks off soon. 

For more information about Mutuum Finance (MUTM) visit the links below:

Website: https://www.mutuum.finance/
Linktree: https://linktr.ee/mutuumfinance

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ethereum Price Forecast: BitMine's ETH stash surpasses $9 billion amid ETF outflow pressureEthereum (ETH) trades around $4,300 on Monday following mixed sentiment from corporate treasuries and investors in ETH exchange-traded funds (ETFs).
Author  FXStreet
Yesterday 01: 22
Ethereum (ETH) trades around $4,300 on Monday following mixed sentiment from corporate treasuries and investors in ETH exchange-traded funds (ETFs).
placeholder
Gold hits record highs for third straight day as Fed rate cut bets weigh on USDGold (XAU/USD) prolongs its recent record-setting run for the third straight day and climbs beyond the $3,650 level during the Asian session on Tuesday.
Author  FXStreet
Yesterday 05: 40
Gold (XAU/USD) prolongs its recent record-setting run for the third straight day and climbs beyond the $3,650 level during the Asian session on Tuesday.
placeholder
AI Models Predict Neutral Bitcoin Trend: Warns Of Late-September ShockBitcoin is currently in a consolidation phase after a strong multi-month uptrend that began in April.
Author  Bitcoinist
Yesterday 05: 47
Bitcoin is currently in a consolidation phase after a strong multi-month uptrend that began in April.
placeholder
EUR/USD appreciates against a weaker Dollar with US NFP revisions on tapThe EUR/USD posts marginal gains at 1.1760 following a two-day rally on Tuesday.
Author  FXStreet
21 hours ago
The EUR/USD posts marginal gains at 1.1760 following a two-day rally on Tuesday.
placeholder
U.S. August CPI Preview: Persistent Rise in Inflation, What Impact on Rate Cuts? And on US Stocks?On Thursday, the U.S. will publish August CPI data. Consensus forecasts indicate a 0.3% month-over-month increase for both headline CPI and core CPI.
Author  TradingKey
21 hours ago
On Thursday, the U.S. will publish August CPI data. Consensus forecasts indicate a 0.3% month-over-month increase for both headline CPI and core CPI.
goTop
quote