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

MORPHO

MORPHO/USDT

$2.713

-6.77%

$2.713

-6.77%

(24s)

24h Volume

$36,795,323.38

24h H/L

$2.981 / $2.694

Change: $0.2870 (10.65%)

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

MORPHO

Daily

$2.735

▲ 0.44%

Volume (24h): -

Resistance Levels

Resistance 3$3.585

Resistance 2$3.3843

Resistance 1$2.7997

Price$2.735

Support 1$2.6976

Support 2$2.5177

Support 3$2.2227

Pivot (PP):$2.7997

Trend:Uptrend

RSI (14):61.1

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.