XRP News Today: Mutuum Finance Raises $12 Million in Phase 5 Presale, 60% Sold Out

Market analysts are closely monitoring both established and emerging players in the cryptocurrency space, seeking top cryptocurrencies for investment. While XRP continues to navigate legal challenges and regulatory shifts with cautious optimism, Mutuum Finance (MUTM) is gaining significant attention. Phase 5 of Mutuum Finance's presale is over 60% sold out, with over 13,000 investors participating and more than $12 million raised. This rapid growth is attracting both DeFi enthusiasts and institutional observers.

XRP is currently trading close to $2.28, indicating a bullish trend above key support around $2.20. This rise coincides with a significant development in its long legal battle: Ripple has formally lifted its cross-appeal to the earlier motion by the SEC, suggesting a potential resolution to the regulatory case that began in 2020. The utilization of the high network through on-chain advancements, including fractional escrow releases and the release of the XRPL EVM side chain, signals expanding venture and institutional interest. XRP appears to be in a strong position as momentum builds, but its performance is tied to regulatory developments and general market cycles. Early expert predictions point to a $5-$10 target by the end of the year.

Mutuum Finance is experiencing remarkable success in its Phase 5 presale. The project stands out by offering a scalable finance system with real-world practical use cases. The increased demand for investment is driven by the project surpassing over $12 million and having over 13,000 token holders. Mutuum Finance offers a liquidity protocol where users retain complete control over their assets throughout decentralized lending. The platform utilizes a dual-model framework with Peer-to-Contract and Peer-to-Peer lending to enhance flexibility and efficiency in the lending process.

The Peer-to-Contract system uses smart contracts to implement automated lending without human interference, dynamically adjusting to market conditions with dynamic interest rates. The Peer-to-Peer model eliminates intermediaries, offering a direct relationship between lenders and borrowers. This model is highly desired by users dealing with volatile assets, where flexibility and personalized terms are crucial. Mutuum Finance is also developing a fully collateralized Ethereum-based USD-backed stablecoin. CertiK has audited the smart contracts used in the project, providing investors with assurance that the team is committed to developing and maintaining a safe DeFi protocol. This audit also promises proper code maintenance and project sustainability.

Mutuum Finance has launched a $100,000 giveaway, with 10 lucky winners set to receive $10,000 worth of Mutuum Finance tokens each. To support this initiative, Mutuum Finance has initiated its Official Bug Bounty Program on CertiK, paying out $50,000 in USDT. The program is available in four levels—critical, major, minor, and low—and guarantees rewards for all possible levels of vulnerabilities found. XRP may reach $10 by year-end if momentum and regulatory clarity align, but gains remain uncertain. Meanwhile, Mutuum Finance (MUTM) is making waves with over $12 million raised, 13,000+ investors, and its Phase 5 presale 60% sold out at just $0.03. Backed by a dual-lending model, CertiK audit, and growing demand, MUTM is fast becoming a top DeFi pick for 2025.