Morpho Price Surges Amid Record Outflows and Whale Buys

Morpho (MORPHO) experienced a 3.4% price increase over the last ~35 hours, according to CoinMarketCap data.

This move is part of a broader accumulation trend rather than a reaction to a single new headline, analysts say.

The price action can be attributed to record exchange outflows and concentrated whale buying, which has tightened sell-side liquidity.

On August 13-14, Santiment reported a record single-day net exchange outflow of 5.59M MORPHO, about 0.85% of circulating supply, worth around $10.8 million at the time.

This move is significant because it reduces the number of tokens available to sell on exchanges at current prices.

Additionally, multiple large withdrawals from Binance into fresh wallets have been observed, further reducing the exchange float.

The recent CoinMarketCap snapshot shows MORPHO up about 3.25% over 24 hours with a 24h volume of about $11.12 million and a 24h volume increase near 59.6% against a market cap around $1.05 billion.