Mutuum Finance (MUTM) is drawing attention during a weak start to 2026 for digital assets. The project says it had raised more than $20.1 million by late January 2026, while its holder count had climbed past 19,000. According to the release, the token sale is now in Phase 7, with MUTM priced at $0.04.
Presale allocation shows 840 million tokens sold
Project materials state that MUTM has a fixed total supply of 4 billion tokens. Of that amount, 45.5% has been assigned to the presale, equal to 1.82 billion tokens. The project says more than 840 million tokens have already been sold, putting the sale close to half of that allocation. Mutuum Finance has also listed a confirmed launch price of $0.06, which places the current Phase 7 price at a roughly 50% discount to launch.
The article also points to earlier pricing in the sale. The first phase began at $0.01, and the current price implies a 300% increase from that starting level. Those figures are central to the pitch around the token. The source frames MUTM as one of the protocols attracting large investors that are rotating toward projects with working code and a defined use case.
Lending design centers on dual markets and mtToken receipts
Mutuum Finance is described as a decentralized lending and borrowing protocol built to let users access liquidity without selling their crypto holdings. The platform is developing a dual lending architecture intended to support different market types on one system, including larger and more stable assets as well as more specialized digital tokens.
A key part of that structure is the mtToken model. Users that supply liquidity receive mtTokens as receipts, and the project says those tokens accrue value over time as borrowers repay loans. Mutuum Finance also outlines a buy-and-distribute fee system. Under that model, a portion of the fees collected from loans is used to purchase MUTM on the open market, with those tokens then distributed to users participating in the protocol.
Sepolia V1 testnet is live with ETH, USDT, LINK and WBTC pools
On the technical side, the most concrete milestone in the material is the launch of the V1 protocol on the Sepolia testnet. The testnet version allows users to try core lending and borrowing functions and interact with liquidity pools for ETH, USDT, LINK, and WBTC. For a project still in presale, that is a notable product step because the application can now be tested in a live environment rather than described only on paper.
The roadmap also includes a native over-collateralized stablecoin. The project says borrowers would be able to take loans in a stable asset backed by crypto deposited in the protocol. Pricing data is handled through Chainlink Oracles, which the protocol uses for real-time feeds tied to loan management and pool safety. The source also cites analyst views calling for 500% upside and price targets of $0.20 to $0.35 or higher, though those figures are forecasts rather than achieved results.