Shiba Inu Bleeds: 7.5T Tokens Exit as Price Nears Critical Support

Shiba Inu (SHIB), the popular meme coin, is grappling with a significant shift in market sentiment, as investors turn away from the token in droves. In the past week, a staggering 7.5 trillion SHIB tokens have left circulation, marking a 699.84% increase in weekly outflows. This mass exodus, driven by both panicked retail investors and profit-taking whales, has pushed SHIB's price dangerously close to a crucial support level of $0.000016. Analysts warn that if this support fails to hold, SHIB could plummet to $0.000013, effectively losing another zero in its price.

Despite a 455.78% rise in inflows from larger holders, SHIB's inability to reclaim the $0.000020 mark suggests that investor confidence in the token remains shaky. As a result, market participants appear to be migrating to more stable, utility-driven projects, such as Mutuum Finance (MUTM).

Mutuum Finance, a decentralized finance (DeFi) platform, has emerged as a safer alternative to meme coins like SHIB. The platform offers users the ability to borrow and lend through both peer-to-contract (P2C) and peer-to-peer (P2P) mechanisms, merging flexibility with strong security measures. At the heart of MUTM's ecosystem is an overcollateralized stablecoin, designed to ease price volatility and ensure stability. This focus on stability and utility sets MUTM apart from SHIB's more speculative underpinnings.

The inaugural presale phase of Mutuum Finance has gained significant traction, raising $620,000 from over 950 participants in a short timeframe. More than half of Phase 1 tokens are already taken at a price of $0.01, with incremental price hikes set to occur over 11 stages en route to $0.06 at launch. This guarantees early backers a 600% return. Post-launch predictions point to a possible surge up to $1, potentially yielding a 100x increase as the platform's lending protocols and stablecoin become widely adopted. The swift uptake signals solid belief in Mutuum Finance's roadmap, which is built around transparency and user