$MORPHO is up 5.0% on the day at $2.62, and the best argument for it is what happened when a market got tested.
Pendle's reUSD PT price dropped 3% and liquidations hit a Morpho market. Pendle says it was not an oracle error. So a plain 3% move, no bug, and the system did its job. Lending markets that get through a boring wobble like that are the ones curators trust with real size.
The size is showing up. Sentora launched a PYUSD-backed vault on Morpho using Huma Finance's PST token. Builders choosing the rails is a better signal than any announcement from the team.
What smells: someone still got liquidated, and the risk lives in the collateral each vault picks. Morpho the protocol held up. The vault operators are the weak link.
$MORPHO trades at $2.62 right now, inside a 24h range of $2.46 to $2.7. If it holds $2.46, i think it goes back and tests $2.7 while the vault story keeps pulling builders in. If it loses $2.46, i'm wrong on this and there's nothing to defend. Anyone who bought today gives back the whole day.
holding $2.46 or losing it?
follow me for more calls like this.
Pendle's reUSD PT price dropped 3% and liquidations hit a Morpho market. Pendle says it was not an oracle error. So a plain 3% move, no bug, and the system did its job. Lending markets that get through a boring wobble like that are the ones curators trust with real size.
The size is showing up. Sentora launched a PYUSD-backed vault on Morpho using Huma Finance's PST token. Builders choosing the rails is a better signal than any announcement from the team.
What smells: someone still got liquidated, and the risk lives in the collateral each vault picks. Morpho the protocol held up. The vault operators are the weak link.
$MORPHO trades at $2.62 right now, inside a 24h range of $2.46 to $2.7. If it holds $2.46, i think it goes back and tests $2.7 while the vault story keeps pulling builders in. If it loses $2.46, i'm wrong on this and there's nothing to defend. Anyone who bought today gives back the whole day.
holding $2.46 or losing it?
follow me for more calls like this.
