A major leap for DeFi! Apollo Global Management, managing ~$900B in assets, will buy 90 million MORPHO tokens over 4 years. This partnership with the Morpho protocol shows strong institutional confidence in on-chain lending. 💹 MORPHO surged 10%+ to ~$1.25 after the announcement 📈 Apollo gains governance rights to influence development 🤝 Advised by Galaxy Digital UK Limited for a professional, structured approach 💰 Total purchase value: ~$112.5M (~17% of circulating supply) This move is about long-term growth, not short-term hype. The integration of traditional finance into DeFi is accelerating — and the market is watching closely! #DeFi #MORPHO #CelebratingNewYearOnGateSquare
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#ApollotoBuy90MMORPHOin4Years 🚀
A major leap for DeFi!
Apollo Global Management, managing ~$900B in assets, will buy 90 million MORPHO tokens over 4 years. This partnership with the Morpho protocol shows strong institutional confidence in on-chain lending.
💹 MORPHO surged 10%+ to ~$1.25 after the announcement
📈 Apollo gains governance rights to influence development
🤝 Advised by Galaxy Digital UK Limited for a professional, structured approach
💰 Total purchase value: ~$112.5M (~17% of circulating supply)
This move is about long-term growth, not short-term hype. The integration of traditional finance into DeFi is accelerating — and the market is watching closely!
#DeFi #MORPHO #CelebratingNewYearOnGateSquare