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Morpho token down 4% to $1.90 after $175 million raise led by Paradigm, a16z and Ribbit. See support at $1.82 and upside to $2.23.
Morpho’s native token fell 4% in the last 24 hours, trading around $1.90, as the market digested a $175 million funding round led by Paradigm, a16z Crypto and Ribbit Capital [1][2].
| At a glance | |
|---|---|
| Price | $1.90 |
| 24h change | –4% |
| Key level | Support $1.82; upside $2.23 |
| Catalyst | $175 M funding round |
The $175 million injection, announced this week, positions Morpho to expand its decentralized lending infrastructure for institutional on‑chain credit [1][2]. Investors such as Paradigm, a16z Crypto, Ribbit Capital, Apollo Funds, Circle Ventures and others participated, signalling confidence in the protocol’s long‑term vision. Despite the capital raise, the token’s price slipped, with the 4‑hour RSI at 42 (below the neutral 50) and MACD in negative territory, indicating bearish momentum [1][2].
If sellers push the token below the $1.90 mark, the next technical support lies at $1.82, followed by a deeper low at $1.57 recorded on June 25 [1][2]. Conversely, a bounce could target the weekly high of $2.23, which sits just above recent trading ranges [1][2]. Morpho’s total value locked and active loans have risen sharply since late 2024, and the protocol already powers $2.17 billion of corporate USDC loans on Coinbase, underscoring its role as infrastructure rather than a retail DeFi token [3].
The slide occurs amid a broader crypto market weakness, suggesting that the price dip may reflect sector‑wide risk rather than a flaw in Morpho’s fundamentals. The funding round highlights a shift toward institutional adoption of blockchain credit, with Morpho’s technology integrated into platforms like Coinbase, Robinhood and Kraken, and a new partnership with payroll service Deel slated to start in Argentina [1][2].
Morpho’s price dip juxtaposed with a landmark funding round illustrates the tension between short‑term market sentiment and long‑term infrastructure ambition. Whether the token rebounds will hinge on its ability to translate capital into on‑chain lending volume and broader institutional adoption.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 7, 2026 · How we report
Robinhood Earn is a decentralized lending product that lets eligible US users lend the USDG stablecoin and earn an estimated 7% annual percentage yield, using Morpho infrastructure and insured against certain losses.
Lenders deposit cryptocurrency into a platform where the funds are pooled and made available to borrowers; lenders earn interest or crypto dividends on the deposited assets.
Borrowers must pledge a portion of their own cryptocurrency holdings as collateral to secure a loan, similar to traditional loans but using crypto instead of cash or property.
The market includes centralized platforms that operate like traditional financial services and decentralized protocols that run on blockchain smart contracts.
Yes, borrowers can use crypto loans for various needs such as debt consolidation, home renovations, or vacations, while retaining ownership of their crypto collateral.