SHIB Loses Half July Gains After 16% Drop MUTM Attracts $13.9M in Presale

Shiba Inu (SHIB) has experienced a sharp downturn, shedding 16% in a recent session and erasing more than half of its July gains [1]. The token is now trading near $0.00001297, with key support levels forming around $0.0000125 and resistance expected between $0.0000143 and $0.0000144 [1]. Technical indicators, including the relative strength index (RSI) moving into oversold territory and declining volume, suggest growing bearish sentiment. Analysts warn that a failure to hold the current support level could lead to further consolidation or a decline toward $0.0000123 [1].

Meanwhile, Mutuum Finance (MUTM) is attracting significant attention as a promising DeFi project. Priced at $0.035 in Phase 6 of its presale, MUTM offers early investors the potential for a 71.43% return on investment when the token is listed at $0.06 [1]. The presale has already raised over $13.9 million and attracted more than 14,800 participants [1]. The token price will increase by 14.29% to $0.04 in the upcoming phase, signaling strong market demand. MUTM’s dual-model system, which combines Peer-to-Contract and Peer-to-Peer frameworks, is designed to enhance flexibility and efficiency in the lending process. Smart contracts automate interest rate adjustments, while the Peer-to-Peer model eliminates intermediaries and supports direct transactions [1]. The platform is particularly suitable for volatile assets like SHIB, offering direct access for lenders and borrowers.

To further strengthen its security and credibility, Mutuum Finance has launched a $50,000 bug bounty program in partnership with CertiK. The program categorizes bugs into four tiers—critical, major, minor, and low—and rewards participants accordingly [1]. Additionally, the project is running a $100,000 token giveaway, with 10 winners to receive $10,000 in MUTM tokens and top 50 token holders receiving bonus incentives [1]. These initiatives underscore MUTM’s commitment to transparency, security, and community engagement.

The contrasting performances of SHIB and MUTM reflect a broader trend in the crypto market: a shift from speculative meme coins to utility-driven DeFi projects [1]. As SHIB faces renewed sell pressure and signs of weakening momentum, MUTM is gaining traction with a clear value proposition, robust presale performance, and a security-focused approach. The growing investor confidence in MUTM suggests increasing demand for projects that deliver tangible utility and long-term investment potential, even amid the volatility affecting other crypto assets [1].

Source: [1] SHIB wipes out half of July's gains after 16% drop while MUTM sentiment surges (https://invezz.com/news/2025/08/02/shib-wipes-out-half-of-julys-gains-after-16-drop-while-mutm-sentiment-surges/)