Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Apollo’s $90 mln plan – Enough to erase MORPHO’s 40% Q4 slide?

Apollo’s $90 mln plan – Enough to erase MORPHO’s 40% Q4 slide?

AMBCryptoAMBCrypto2026/02/15 08:03
By:AMBCrypto

Morpho, a DeFi lending protocol and vault curator, has scored high-profile partnerships in early 2026.

From asset manager Bitwise to Anchorage Digital, Morpho has positioned itself as an on-chain alternative for institutions to deploy capital. 

Another asset manager has joined the fray, with a different arrangement.

In a statement on Friday, the DeFi platform announced a deal with Apollo that allows the asset manager to acquire 90 million MORPHO in the next two years.

At current prices, that would translate to $115.2 million worth of MORPHO. 

However, the deal has elicited mixed reactions. For Richard Galvin, CIO of Digital Asset Capital Management (DACM), the institutional trend into the space seemed bullish. 

But Jeff Dorman, CIO of Arca, cautioned that Apollo’s statement was too vague to be bullish. 

“I’d caution against assuming they are buying tokens. Not only is the language very vague, but they did the same thing with HASH years ago. Got tokens for free basically to announce that they were using the network.”

Assessing impact on MORPHO

Despite Dorman’s caution, the markets received the update so well. According to Santiment data, the Supply on Exchanges (red line) has remained flat since the announcement. 

The metric tracks exchange selling pressure, and the fact that it remained flat after a recent decline means holders weren’t rushing to sell into the relief bounce. 

Apollo’s $90 mln plan – Enough to erase MORPHO’s 40% Q4 slide? image 0

Source: Santiment 

If the muted pressure persists, perhaps the MORPHO’s recovery may extend. Besides, the altcoin has been consolidating between $1.0 and $1.3 since late January.

This level also attracted significant whale interest (green bubbles), according to CryptoQuant. 

Apollo’s $90 mln plan – Enough to erase MORPHO’s 40% Q4 slide? image 1

Source: CryptoQuant 

On the derivatives markets, the speculative appetite surged slightly, from $8 million to $12 million, underscoring that the relief may have been driven mainly by the spot market.

If Spot leads the rally, the ongoing recovery could be sustainable. 

Apollo’s $90 mln plan – Enough to erase MORPHO’s 40% Q4 slide? image 2

Source: Velo

On the price charts, the altcoin was up 12% in the past 24 hours. This brought its recent recovery gains to 24% and could climb higher to $1.4 if the momentum holds. 

However, a breakout and firm reclaim of $1.65 (200-day Moving Average) would reinforce a bullish market structure shift and potential move to $2. Meanwhile, the altcoin relief bounce had reduced late 2025 losses to 40%. 

Apollo’s $90 mln plan – Enough to erase MORPHO’s 40% Q4 slide? image 3

Source: MORPHO/USDT, TradingView 

Final Summary 

  • The Morpho-Apollo deal to buy 90 million MORPHO in the next 48 months has elicited mixed views. 
  • However, the market received the update positively, with the altcoin extending its recovery to 24%.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

A wave of AI applications is surging toward federal governance! Jensen Huang and Elon Musk will share a stage with Trump, further expanding the new landscape of AI commercialization

President Donald Trump will co-host an event with leading figures from the technology and artificial intelligence sectors to launch a new government website, America.gov, which aims to help the American public access federal information and resources. The event will feature panel discussions on artificial intelligence, energy dominance, health, space, and agriculture, with leaders such as Jensen Huang, Elon Musk, and Tom Brown in attendance.

智通财经•2026/09/26 00:56

Oracle (ORCL.US) "Force Majeure" Notice Shakes AI Bond Market! Morgan Stanley: Data Center Financing Contracts Face Reassessment

Oracle issued a “force majeure” notice to a major data center developer in New Mexico, raising concerns in the market about the strength of contract protections in AI infrastructure financing. Morgan Stanley warned that this move may prompt investors to reassess the lease terms and credit risks of data center projects.

智通财经•2026/09/26 00:06

Overnight US Stock Market | US-Iran negotiations enter technical consultation stage, major indexes close higher, Dell (DELL.US) rises over 5%

At market close, the Dow Jones rose by 478.64 points, or 0.93%, to 51,828.62 points, posting a weekly gain of 0.28%. The S&P 500 increased by 39.28 points, or 0.51%, to 7,743.41 points, up 1.22% for the week. The Nasdaq gained 129.34 points, or 0.48%, to 27,068.71 points, with a weekly increase of 2.06%.

智通财经•2026/09/25 23:56