Ethereum Supply on Binance Hits Lowest Level in Over a Year – Should You Buy ETH Now?

Why Is Ethereum’s Exchange Supply Shrinking?

Binance’s ethereum reserves have dropped by over 5,000 ETH since May 2024, hitting a multi-year low. This trend suggests holders are moving ETH into cold storage—a classic accumulation signal. Historically, such supply squeezes precede upward momentum, as seen during Ethereum’s 2023 rally when exchange balances fell 30% before a 90% price surge (CoinMarketCap data).

What’s striking now is the stability of ETH prices despite market turbulence. While altcoins swung wildly last quarter, Ethereum held the $3,400-$3,700 range like a seasoned tightrope walker. This resilience makes it a favorite among value-focused crypto investors, especially with the upcoming Ethereum 2.0 upgrades promising scalability improvements.

Mutuum Finance Presale: The Clock Is Ticking

Phase 6 of Mutuum’s structured presale is 90% sold out at $0.035 per MUTM token, with only days remaining before Phase 7’s 20% price increase. The project has already raised $18.7 million from 18,000 participants, validating its novel peer-to-contract lending model.

I’ve tracked dozens of presales this year, but Mutuum’s gamified leaderboard—where top daily buyers score $500 bonuses—adds a competitive twist rarely seen in DeFi. Their recent decision to accept credit cards (unusual for crypto presales) explains the last-minute rush. As of yesterday, BTCC exchange reported a 47% spike in ETH deposits from users preparing to buy MUTM.

Dual Lending Meets DeFi Gamification

Mutuum’s testnet prototype blends traditional credit mechanics with blockchain flexibility. Their Version 1 on Sepolia introduces:

• Collateralized loans with dynamic NFT representations
• A community-driven liquidity pool with tiered APYs
• Real-time borrower credibility scoring

This isn’t just theoretical—their alpha testers achieved 82% loan approval rates, compared to MakerDAO’s 67% average (TradingView data). The project’s roadmap hints at AI-powered risk assessment by Q2 2026, potentially disrupting legacy lending platforms.

Timing Your Entry: ETH vs. MUTM

Ethereum’s current $3,650 price sits just below the psychologically important $3,700 resistance. Analysts at BTCC note that 73% of ETH options expiring in December have strike prices above $4,000, indicating institutional bullishness.

For MUTM, the calculus differs. Presale buyers get guaranteed upside—Phase 7’s $0.040 price means instant 14% gains for Phase 6 participants. But remember: early-stage projects carry higher risk. As always, diversify and never invest more than you can afford to lose.

Final Thoughts

While Ethereum offers stability and institutional backing, Mutuum presents high-risk/high-reward potential. Personally, I’m allocating 60% to ETH and 10% to MUTM, keeping 30% dry powder for market dips. Whatever you choose, act decisively—the crypto market waits for no one.

This article does not constitute investment advice.

FAQs

How low has Ethereum’s supply on Binance dropped?

Binance’s ETH reserves have decreased by over 5,000 ETH since May 2024, reaching their lowest point since Q1 2023.

What makes Mutuum Finance’s presale unique?

Its gamified leaderboard, credit card payments, and peer-to-contract lending model differentiate it from typical DeFi presales.

When does Mutuum’s Phase 6 presale end?

The phase is already 90% sold out and could conclude any day before advancing to Phase 7’s $0.040 price.