As the cryptocurrency market turns bearish, whales are buying up this new altcoin priced below $1.
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According to CoinWorld, Bitcoin fell by nearly 6%, reaching its lowest level since November and dragging down the entire cryptocurrency market. Amid the market downturn, attention has turned to Mutuum Finance (MUTM), a protocol building decentralized credit solutions. The project has raised over $20.1 million and has more than 19,900 holders. The total supply of MUTM tokens is capped at 4 billion, with the current stage seven price at $0.04, below its official launch price of $0.06. The protocol's V1 testnet is now live, offering liquidity pools and lending mechanisms.
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