Morpho Token Defies Market Slide After $175M Paradigm-Led Funding Round

MORPHO

MORPHO/USDT

$1.965

+0.87%

$1.965

+0.87%

(24s)

24h Volume

$2,986,176.90

24h H/L

$1.967 / $1.938

Change: $0.0290 (1.50%)

Funding Rate

+0.0038%

Longs pay

Data provided by COINOTAG DATALive data

MORPHO

Daily

$1.965

▲ 0.56%

Volume (24h): -

Resistance Levels

Resistance 3$2.1016

Resistance 2$2.0463

Resistance 1$2.0012

Price$1.965

Support 1$1.9513

Support 2$1.9128

Support 3$1.8605

Pivot (PP):$1.9533

Trend:Sideways

RSI (14):51.3

BeInCrypto Editorial

(06:15 AM UTC)

1 min read

Reviewed byMichael Roberts

0 comments

Morpho (MORPHO) gained 7.5% over the past 24 hours, defying a broader market pullback, after Morpho Association announced a $175 million funding round co-led by Paradigm, a16z crypto, and Ribbit.

The raise ranks among the largest in the history of decentralized finance (DeFi). It arrives as institutional demand for onchain lending infrastructure continues to build.