Morpho Price Under Pressure as $391m Token Unlock Looms

Morpho (MORPHO) is facing downward pressure as its price declines by 7.28% to $2.585.

The asset currently trades below its key short- and medium-term moving averages, while remaining above its primary long-term trend indicator.

In a significant development, Circle has launched Bitcoin-backed USDC borrowing for institutional clients through Circle Mint, with Morpho as the initial supported DeFi protocol on Arc and Ethereum networks.

This integration may increase real-world protocol exposure for Morpho, but price action remains under broad selling pressure.

A scheduled $391 million DeFi token unlock next week adds to sector risk, which could heighten selling pressure across decentralized finance assets.