1 month ago
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Key Takeaways
- MORPHO jumped over 13% after Standard Chartered initiated coverage.
- The bank set a $60 end-2030 target, implying roughly 30x upside.
- The forecast rests on a projected 37x growth in DeFi assets by 2030.
- Real institutional integrations and a $175M raise anchor the near-term case.
Morpho’s token spiked after a major traditional bank put its name behind the DeFi lending protocol. MORPHO is trading at $2.128 on Coinbase at the time of writing, up 13% on the day, after Standard Chartered initiated coverage with an aggressive long-term price target. The move is a clean, news-driven catalyst: the volume confirms real participation, not a thin-liquidity spike.
The Move
Today’s candle is the largest single-day gain on the TradingView’s chart, printed on 1.11M in volume, among the heaviest bars in the window.
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