morpho 2.72u
Yesterday, one move pulled from 2.25 up to 2.9. This morning I touched 2.91 and it fell back again—now it’s at 2.72. Over the past 7 days it’s risen 33%, and over 30 days it’s up 41%.
This isn’t a pump with no reason—on-chain data shows real movement. On August 13 alone, more than 5 million tokens were transferred out of exchanges. That’s the biggest single-day net outflow since this coin began trading. Institutions and big holders are moving funds into their own wallets—clearly not something they’re planning to sell off in the short term.
Business-wise, it’s also expanding. Coinbase, using its lending pool, has already scaled its lending business to a market size of more than $1.0 billion. Uniswap has also plugged into it as a lending entry point. In plain terms, it’s already a credit engine quietly used in the back ends of several major platforms—not a project that just sells stories with words.
On trading volume: in a single day, more than 85 million in transactions, with a market cap of over $1.7 billion. Turnover is only below 5%. That’s completely different from the wash-trading pairs written about in recent days that have turnover several times higher. Most of the fluctuation is real money moving in and out.
The 4.17 above was the historical high at the beginning of last year. It’s down 35% and still hasn’t fully recovered. 2.25 is the breakout starting point this round—if it drops back there over these two days, then the rally would basically be for nothing. 2.91 is today’s high; only by holding above it can we keep watching. For something with real business backing it, pullbacks are more suitable as boarding points, not escape points. #morpho $MORPHO
Yesterday, one move pulled from 2.25 up to 2.9. This morning I touched 2.91 and it fell back again—now it’s at 2.72. Over the past 7 days it’s risen 33%, and over 30 days it’s up 41%.
This isn’t a pump with no reason—on-chain data shows real movement. On August 13 alone, more than 5 million tokens were transferred out of exchanges. That’s the biggest single-day net outflow since this coin began trading. Institutions and big holders are moving funds into their own wallets—clearly not something they’re planning to sell off in the short term.
Business-wise, it’s also expanding. Coinbase, using its lending pool, has already scaled its lending business to a market size of more than $1.0 billion. Uniswap has also plugged into it as a lending entry point. In plain terms, it’s already a credit engine quietly used in the back ends of several major platforms—not a project that just sells stories with words.
On trading volume: in a single day, more than 85 million in transactions, with a market cap of over $1.7 billion. Turnover is only below 5%. That’s completely different from the wash-trading pairs written about in recent days that have turnover several times higher. Most of the fluctuation is real money moving in and out.
The 4.17 above was the historical high at the beginning of last year. It’s down 35% and still hasn’t fully recovered. 2.25 is the breakout starting point this round—if it drops back there over these two days, then the rally would basically be for nothing. 2.91 is today’s high; only by holding above it can we keep watching. For something with real business backing it, pullbacks are more suitable as boarding points, not escape points. #morpho $MORPHO
