MORPHO at $2.29: weak technicals and 973K-token theft from institutional addresses
- —Volume of $16.22 million is 45.87% below the 30-day average of $29.96 million
- —973,000 MORPHO worth roughly $2.3 million stolen and sent to Tornado Cash
- —RSI at 43.5 and bearish MACD; price below SMA-5/10/50 but above $2.11 SMA-200
- —Intraday range of $2.26–$2.30; market cap at $1.22 billion
Why it matters: The theft from an institutional holder raises security and reputational questions for MORPHO exposure, though no protocol vulnerability has been confirmed.
Source: DiarioBitcoin