Is MORPHO’s 4% slide a buying chance after Morpho’
#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #TradFi Trading Strategies Sharing Challenge Is MORPHO’s 4% slide a buying chance after Morpho’s $175M funding round?
Morpho raises $175M in round led by Paradigm, a16z and Ribbit.
MORPHO drops 4% since Sunday and risks falling below $1.90.
Funding will help Morpho expand its decentralised lending infrastructure.
MORPHO, the native coin of the Morpho decentralized lending protocol, is one of the worst performers among the top 100 cryptocurrencies by market cap.
The coin has lost 4% of its value in the last 24 hours and risks dropping below the $1.90 level if the bearish trend persists.
The bearish performance comes despite Morpho securing backing from Paradigm, a16z Crypto, Ribbit Capital, and other major investors as demand for tokenized finance and on-chain credit continues to grow.
Morpho secures $175 million to scale on-chain lending
Decentralized finance (DeFi) lending protocol Morpho has raised US$175 million (approx. $225.8 million) in a new funding round as institutional interest in blockchain-based financial infrastructure continues to gain momentum.
The investment round was led by Paradigm, a16z Crypto, and Ribbit Capital, with additional participation from Apollo Funds, Circle Ventures, VanEck, Ledger, Cathay Innovation, and a broad group of strategic investors.
The latest capital injection positions Morpho to expand its lending infrastructure as financial institutions increasingly explore tokenized assets and on-chain credit markets.
Tutti i commenti0RecentePopolare