Ethereum News Today: As Ethereum Falls, DeFi's Mutuum Soars on Presale Surge

Ethereum (ETH) slid below $2,800 on November 24, 2025, amid broader crypto market turbulence driven by surging Japanese bond yields and algorithmic sell-offs according to trading analysis. The decline, which saw $831 million in positions liquidated across Bitcoin and altcoins based on on-chain data, has intensified investor scrutiny of alternative opportunities. Among emerging contenders, Mutuum Finance (MUTM) has emerged as a standout DeFi project, with its presale nearing $20 million in funding and over 18,200 participants according to market reports.

Mutuum Finance, a decentralized lending and borrowing platform, is entering a critical phase of its token sale. Phase 6 of its presale, currently priced at $0.035 per token, is over 90% sold out, with the next phase set to increase the price by 20% to $0.04 as reported in financial updates. The project's token sale began at $0.01 in Phase 1 and has since risen 600% toward its confirmed $0.06 listing price based on market analysis. With $18.9 million raised as of November 23 according to financial reports and a total token supply of 4 billion, Mutuum's presale accounts for 45.5% of the circulating supply as market data shows. The platform's dual-lending model-combining peer-to-contract and peer-to-peer mechanisms-aims to optimize capital efficiency, while automated interest rate systems and mtTokens as interest-bearing receipts differentiate it from competitors according to platform updates.

The project's rapid adoption has been fueled by a mix of strategic incentives and institutional-grade features. A $100,000 giveaway, offering $10,000 in MUTM to 10 participants, underscores its community-building efforts according to financial reports. Additionally, the integration of credit and debit card payments has broadened accessibility for global investors as reported in market analysis. Development milestones, including a Q4 2025 testnet launch for its lending protocol as announced in financial updates, further bolster confidence in the project's roadmap.

Ethereum's recent on-chain activity highlights contrasting dynamics. While large holders have defended the $2.8K support level according to on-chain data, Ethereum ETFs posted $465 million in net outflows for November, led by Grayscale's ETHE[-$4.9 billion cumulative outflows]^7. Meanwhile, BlackRock's $345 million deposit of Bitcoin and Ethereum to Coinbase Prime signals ongoing institutional engagement in crypto markets as confirmed in blockchain data, even as ETF outflows persist.

Mutuum's growth trajectory appears insulated from broader volatility, with its presale accelerating as Phases sell out faster than anticipated. At current rates, the project could surpass $20 million in funding before advancing to Phase 7 as reported in financial updates. For investors seeking exposure to DeFi's next wave, Mutuum's combination of innovative mechanics, robust risk management, and explosive presale demand positions it as a compelling candidate amid Ethereum's near-term challenges.