Solana Falls Nearly 40% in 30 Days as Investors Eye Mutuum Finance Presale

Solana (SOL) has fallen nearly 40% over the past 30 days as traders explore newer opportunities including Mutuum Finance (MUTM), CoinoMedia reports. The MUTM presale is in Phase 7 at $0.04, has raised over $20.6 million from more than 19,000 holders, and is set to launch at $0.06; the project's whitepaper details a decentralized lending protocol with shared liquidity pools and peer-to-peer agreements, its V1 is live on Sepolia testnet where users deposit assets like ETH or USDT to receive yield-tracking mtTokens, and Halborn Security completed a full manual audit. Analysts cited in the report project SOL could find a floor at $30 to $40 in 2026-2027, while some expect MUTM to reach $0.20 to $0.50 by end-2026 if the project's buy-and-distribute mechanism using protocol revenue to reward holders drives demand.