Apollo’s $90M Morpho Grab: Bullish or Just a Fancy PR Stunt?

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Oh, Morpho, the DeFi darling, has been schmoozing with the big boys! Bitwise, Anchorage Digital-you name it, they’ve got it. Like a prom queen with a date for every dance, Morpho’s been positioning itself as the on-chain belle of the institutional ball.

And now, enter Apollo, the asset manager with a wallet as deep as the Mariana Trench. They’ve decided to swoop in and snatch up 90 million MORPHO tokens over the next two years. At today’s prices, that’s a cool $115.2 million! Or, as I like to call it, “a lot of matzo balls.”

But hold onto your yarmulkes, folks, because not everyone’s kvelling over this deal. Richard Galvin, the CIO of Digital Asset Capital Management (DACM), thinks it’s as bullish as a bull in a china shop. Meanwhile, Jeff Dorman, CIO of Arca, is more skeptical than a cat at a cucumber convention. He warns, “I’d caution against assuming they’re buying tokens. The language is vaguer than a fortune cookie, and they pulled this schtick with HASH years ago. Basically got tokens for free just to say, ‘Hey, we’re using the network!’”

Will MORPHO Bounce Back or Just Bounce Off the Wall?

Despite Dorman’s caution, the markets are acting like they’ve just won the lottery. According to Santiment data, the Supply on Exchanges (red line) has stayed flatter than a pancake since the announcement. That means holders aren’t dumping their tokens faster than a bad blind date. Could this be the start of a beautiful recovery?

If this muted pressure keeps up, MORPHO might just shake off its 40% Q4 slide like a dog shaking off bathwater. Since late January, the altcoin has been consolidating between $1.0 and $1.3, a range that’s attracted more whale interest than a seafood buffet (green bubbles, according to CryptoQuant).

On the derivatives side, speculative appetite ticked up from $8 million to $12 million-a slight bump, but nothing to write home about. Looks like the spot market is doing the heavy lifting here. If Spot leads the rally, this recovery might just stick around longer than a bad joke.

Price-wise, MORPHO is up 12% in the past 24 hours, bringing its recent gains to 24%. If the momentum holds, it could climb to $1.4 faster than you can say “Huzzah!” But to really seal the deal, it needs to break out and reclaim $1.65 (the 200-day Moving Average). That would be as bullish as a bull in a china shop-again. Meanwhile, the altcoin’s relief bounce has trimmed its late 2025 losses to a mere 40%.

The Schtick Summary

  • Morpho and Apollo’s 90 million MORPHO deal has everyone scratching their heads-is it bullish or just a fancy PR stunt?
  • The market’s eating it up like latkes, with MORPHO extending its recovery to 24%.

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2026-02-15 11:03