XRP News Today: Mutuum Finance Presale 80% Sold Out With $12.6 Million Raised

As July approaches its end, crypto investors are actively seeking altcoins that could significantly transform their portfolios. While XRP maintains its position amidst market fluctuations, and other altcoins offer steady growth potential, one lesser-known gem is gaining traction: Mutuum Finance (MUTM). The presale phase 5 of Mutuum Finance is more than 80% sold out, with over 13,600 investors participating and more than $12.6 million collected. This rapid ascent positions Mutuum Finance as a potential standout opportunity for the summer.

XRP has been trading at $3.16, experiencing a surge above $3 due to optimism surrounding the U.S. House’s advancement of the GENIUS Act and the imminent launch of ProShares XRP Futures ETF on July 18. Institutional accumulation is evident through on-chain whale moves and rising CME futures volume. However, resistance around $2.93–$3.00 remains a focal point. Market watchers are now observing whether XRP can break past these levels, which could open the door to analyst projections in the $3.20–$4.50+ range, or risk a pullback to support near $2.85. Meanwhile, Mutuum Finance (MUTM) is emerging as another intriguing name to monitor.

Mutuum Finance is making a significant impact on the decentralized finance (DeFi) sector by offering a scalable monetary system with real-world applications. The project's popularity is evident from the high level of investor interest, with over 13,500 token holders and more than $12.5 million in investments. This demonstrates the market's long-term support and confidence in the project.

To enhance its security and transparency, Mutuum Finance has launched an Official Bug Bounty Program in collaboration with CertiK, a blockchain security company. The program offers a reward of 50,000 USDT to hunters who identify potential vulnerabilities. The bounty program aims to cover all types of vulnerabilities, categorized into four severity levels: critical, major, minor, and low. This initiative reflects the team's commitment to preserving the ecosystem and maintaining investor confidence.

In addition to the bug bounty program, Mutuum Finance has launched a $100,000 giveaway to engage the community. Ten individuals will be selected to receive $10,000 in MUTM as rewards. This initiative not only rewards participants but also indicates the project's dedication to building a strong and valuable user base.

Mutuum Finance offers a unique platform for decentralized borrowing, utilizing a dual-lending model that combines Peer-to-Contract and Peer-to-Peer lending. The Peer-to-Contract model employs self-executing smart contracts that autonomously handle lending functions based on real-time market prices, providing a variable interest rate. The Peer-to-Peer model eliminates intermediaries, allowing direct interaction between lenders and borrowers. This model is particularly advantageous for volatile assets, as it offers customized loan terms and flexibility based on user preferences and risk tolerance.

Mutuum Finance is not just generating hype; it is building infrastructure, security, and momentum. With over 13,600 investors, more than $12.6 million raised, and the presale nearly sold out at $0.03, the opportunity is diminishing rapidly. For those waiting for a breakout altcoin with substantial backing, this could be the signal they have been looking for.