MORPHO quietly gained roughly
↗6.89%
over the past week following a
$175M funding round, with blockchain activity showing steady growth.
Major backing meets strong fundamentals
The $175M funding round
from major investors, combined with healthy supply distribution (top 10 holders control only 0.8%) and 102 new holders joining over the past day, paints a picture of strong fundamentals supporting the weekly gains.
Steady growth in user activity
Blockchain activity shows 468 active addresses over the past day with 102 new holders joining, while profit-taking indicators suggest some investors are locking in gains after the recent 20% price surge
.
Healthy consolidation after recent surge
After surging roughly 20% recently
, the daily pullback of approximately
↘6.67%
over the past 24 hours represents normal consolidation rather than a trend reversal.