$MORPHO is up 8.34% on the week at $2.46, and the story is plumbing, not hype.
Uniswap launched Earn on top of Morpho lending vaults. Bitget says it's plugging 125M users into DeFi yield through Morph, Morpho and Gauntlet. that user count is Bitget's own pitch, so treat it as a claim. what I care about is that two big front doors picked the same vault layer.
Blockchain Reporter also flagged whale accumulation and exchange outflows at multi-month highs. coins leaving exchanges usually belong to people who aren't planning to sell soon.
When other apps rent your vaults, you don't have to shout.
$MORPHO trades at $2.46 right now, inside a 24h range of $2.4 to $2.53. if it holds $2.4, I think it takes out the $2.53 high and keeps climbing. if it loses $2.4, I'm wrong on this and there's nothing to defend. anyone who bought this week's move is then sitting on a failed breakout.
holding $2.4 or losing it?
follow me for more calls like this.
Uniswap launched Earn on top of Morpho lending vaults. Bitget says it's plugging 125M users into DeFi yield through Morph, Morpho and Gauntlet. that user count is Bitget's own pitch, so treat it as a claim. what I care about is that two big front doors picked the same vault layer.
Blockchain Reporter also flagged whale accumulation and exchange outflows at multi-month highs. coins leaving exchanges usually belong to people who aren't planning to sell soon.
When other apps rent your vaults, you don't have to shout.
$MORPHO trades at $2.46 right now, inside a 24h range of $2.4 to $2.53. if it holds $2.4, I think it takes out the $2.53 high and keeps climbing. if it loses $2.4, I'm wrong on this and there's nothing to defend. anyone who bought this week's move is then sitting on a failed breakout.
holding $2.4 or losing it?
follow me for more calls like this.