Morpho Price Surges as Whales Pile In

Morpho is attracting increasing attention from major players. On 25 July 2026, several on-chain metrics peaked simultaneously, indicating growing interest from both large and small investors. At the same time, a significant amount of MORPHO is leaving exchanges, which typically suggests less immediate selling pressure.

Morpho is available at OKX and Bybit.

Whale activity at highest level since October 2025

According to data from Santiment, 68 transactions of more than $100.000 in MORPHO were recorded in a single day. That is the highest number of large transactions since 2 October 2025. At the same time, 337 new MORPHO wallets were created, the strongest day of network growth since 15 March 2026.

Exchange outflows are also notable: 4.35 million MORPHO left exchanges, the largest daily outflow since 4 February 2026. When tokens move from exchanges to private wallets, it indicates that holders do not intend to sell quickly. Over time, this can have a positive effect on the price.

Multiple catalysts drive interest

The sudden activity is not without reason. Several developments are taking place simultaneously. For instance, the South Korean exchange Upbit added a MORPHO/KRW trading pair on 25 July, increasing accessibility for Asian investors. Meanwhile, Morpho Midnight launched fixed interest rates for cbBTC/USDC loans on the Base network.

At least as striking is the partnership with Robinhood, which chose Morpho as the basis for a new Earn product. This gives the protocol access to a broad audience of retail investors. Moreover, Morpho recently raised $175 million from big names in the crypto and financial world, further boosting confidence in the project. The combination of all these factors makes the current surge in on-chain activity understandable.