Apollo’s $90 mln plan – Enough to erase MORPHO’s 40% Q4 slide?

Morpho, a DeFi lending protocol and vault curator, has scored high-profile partnerships in early 2026.

From asset manager Bitwise to Anchorage Digital, Morpho has positioned itself as an on-chain alternative for institutions to deploy capital.

Another asset manager has joined the fray, with a different arrangement.

In a statement on Friday, the DeFi platform announced a deal with Apollo that allows the asset manager to acquire 90 million MORPHO in the next two years.

At current prices, that would translate to $115.2 million worth of MORPHO.

However, the deal has elicited mixed reactions. For Richard Galvin, CIO of Digital Asset Capital Management (DACM), the institutional trend into the space seemed bullish.

But Jeff Dorman, CIO of Arca, cautioned that Apollo’s statement was too vague to be bullish.

“I’d caution against assuming they are buying tokens. Not only is the language very vague, but they did the same thing with HASH years ago. Got tokens for free basically to announce that they were using the network.”

Assessing impact on MORPHO

Despite Dorman’s caution, the markets received the update so well. According to Santiment data, the Supply on Exchanges (red line) has remained flat since the announcement.

The metric tracks exchange selling pressure, and the fact that it remained flat after a recent decline means holders weren’t rushing to sell into the relief bounce.

If the muted pressure persists, perhaps the MORPHO’s recovery may extend. Besides, the altcoin has been consolidating between $1.0 and $1.3 since late January.

This level also attracted significant whale interest (green bubbles), according to CryptoQuant.

On the derivatives markets, the speculative appetite surged slightly, from $8 million to $12 million, underscoring that the relief may have been driven mainly by the spot market.

If Spot leads the rally, the ongoing recovery could be sustainable.

On the price charts, the altcoin was up 12% in the past 24 hours. This brought its recent recovery gains to 24% and could climb higher to $1.4 if the momentum holds.

However, a breakout and firm reclaim of $1.65 (200-day Moving Average) would reinforce a bullish market structure shift and potential move to $2. Meanwhile, the altcoin relief bounce had reduced late 2025 losses to 40%.

Final Summary

• The Morpho-Apollo deal to buy 90 million MORPHO in the next 48 months has elicited mixed views.
• However, the market received the update positively, with the altcoin extending its recovery to 24%.