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Morpho’s $MORPHO token slipped 4% to around $1.90 despite a $175 M raise led by Paradigm, a16z Crypto and Ribbit Capital.
Morpho’s native token dropped 4% in the last 24 hours, hovering near $1.90, even as the protocol announced a $175 million funding round led by Paradigm, a16z Crypto and Ribbit Capital [2].
| At a glance | |
|---|---|
| Token price | ~$1.90 |
| 24‑h change | –4% |
| Funding round | $175 M |
| Lead investors | Paradigm, a16z Crypto, Ribbit Capital |
Morpho disclosed a $175 million token‑based investment that values the protocol at up to $2 billion [1]. The round was co‑led by Paradigm, a16z Crypto and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck and others [3]. Investors received MORPHO tokens at the monthly average price, a structure that briefly lifted the token price by more than 10% after the announcement [3]. Despite the capital influx, the token slipped 4% on the day of the news, suggesting short‑term selling pressure outweighed the immediate price impact [2].
Morpho’s protocol now locks about $6.6 billion in total value locked (TVL) and holds roughly $10 billion in deposits, positioning it as a challenger to established DeFi lenders such as Aave [1]. The platform’s modular “build‑your‑own” lending model attracts institutional partners, including Coinbase, Kraken and Robinhood, which integrate Morpho’s infrastructure to offer non‑custodial lending products [2][3]. The funding is expected to accelerate decentralisation, deepen commercial integrations and expand the protocol’s credit‑network ambitions [1][3].
Technical indicators show bearish momentum: the MACD remains in negative territory and the 4‑hour RSI sits at 42, below the neutral 50 level [2]. Immediate support lies at $1.82, with a deeper floor near the June 25 low of $1.57 if the downtrend continues [2]. Conversely, a rebound could target the weekly high of $2.23 [2].
The price dip underscores that even sizable institutional backing does not guarantee immediate market uplift; the token’s trajectory will hinge on whether Morpho can translate its funding into tangible on‑chain growth and broader adoption.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 7, 2026 · How we report
Users deposit cryptocurrency to earn interest as lenders, or they lock their digital assets as collateral to borrow funds without selling their holdings.
It is a decentralized financial service that operates across multiple blockchain networks, allowing users to lend and borrow assets on different chains to increase accessibility and liquidity.
Some platforms operate as decentralized protocols without credit checks, while others, such as Nexo, may obtain specific authorizations to offer regulated credit services within local consumer credit frameworks.
Primary risks include market volatility, the potential for collateral liquidation, and the fact that funds deposited on these platforms are typically not insured.