The Top Cryptocurrency Investors Are Buying After Shiba Inu’s $2.3M Shibarium Exploit
The post The Top Cryptocurrency Investors Are Buying After Shiba Inu’s $2.3M Shibarium Exploit appeared on BitcoinEthereumNews.com.
Shiba Inu (SHIB) is under pressure again after reports of a $2.3 million exploit on its Shibarium network, creating concerns over security and the volatile risky nature of meme-based tokens. Despite SHIB’s huge popularity base remaining a strength, the event has made it an extra risk for investors treating it as a hold for the long term. In contrast, top crypto investors are strongly supporting Mutuum Finance (MUTM), a presale-stage DeFi token. Mutuum token price in the current presale phase 6 is $0.035 per token. The presale has already surpassed $16.05 million and more than 16450 supporters. Based on a utility-dual lending-and-borrowing protocol, MUTM is being promoted as a more stable alternative for those who would like growth opportunities minus the volatility of meme coin ecosystems. Shiba Inu’s Exploit Underscores Risk in Meme-Ecosystem Shiba Inu (SHIB) is currently trading at $0.00001341, which has shifted intraday recently between approximately $0.00001330 and $0.00001358. Its latest attack on its Shibarium layer-2 network in which nearly $2.3-$2.4 million value of assets stolen has raised security issues in the minds of holders besides its infrastructure maturity. While SHIB still has strong community support and ongoing social interest, the incident adds a new level of risk and volatility for investors seeing it as a long-term hold. In contrast, new DeFi startup Mutuum Finance is being seen by some investors as offering more return potential with more utility-driven models. Mutuum Finance Shines in Presale MUTM round 6 presale reveal that the project is expanding at a rapid pace. It has crossed $16.05 million and has gained more than 16450 holders. Individuals who purchase during this round will be able to make huge profits when the token will be made tradeable. Mutuum Finance is developing a robust ecosystem, and stablecoin on the Ethereum blockchain. Mutuum Finance has also…
