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MORPHO Whale Transactions Hit Six-Month High After Upbit Listing

MORPHO Whale Transactions Hit Six-Month High After Upbit Listing

Whale Activity and New Addresses Surge

Blockchain analytics firm Santiment recorded the spike in large transactions and fresh wallets as evidence of heightened interest. The 337 new addresses created on Saturday marked a sharp uptick from typical daily figures, which had hovered below 100 for most of March. Whale transactions — often associated with institutional or large individual investors — had been declining since early October, but Saturday’s count reversed that trend.

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Valaktivitet och nya adresser ökar

Blockkedjeanalysföretaget Santiment registrerade ökningen av stora transaktioner och nya plånböcker som bevis på ökat intresse. De 337 nya adresser som skapades på lördagen markerade en kraftig uppgång jämfört med typiska dagliga siffror, som hade legat under 100 under större delen av mars. Valtransaktioner – ofta förknippade med institutionella eller stora privata investerare – hade minskat sedan början av oktober, men lördagens siffra vände den trenden.

" Note: "fresh wallets" = "nya plånböcker" (plånböcker is common for crypto wallets). "heightened" not used, "sharp uptick" = "kraftig uppgång". "hovered below 100" = "legat under 100". "reversed that trend" = "vände den trenden". Third paragraph: "

Exchange Outflows and the Price Spike

The outflow of 4.35 million MORPHO from exchanges on Saturday suggested that buyers were moving tokens to private wallets, a move often interpreted as a signal of long-term holding intent. Within hours of the Upbit listing, MORPHO’s price surged from roughly $1.93 to an intraday high of $2.17. The daily trading volume exploded to nearly $71 million, about five times the previous day’s level.

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Börsutflöden och prishöjning

Utflödet av 4,35 miljoner MORPHO från börser på lördagen tydde på att köpare flyttade tokens till privata plånböcker, ett drag som ofta tolkas som en signal om långsiktigt innehav. Inom några timmar efter Upbit-noteringen steg MORPHO:s pris från cirka 1,93 USD till en dagshögsta på 2,17 USD. Den dagliga handelsvolymen exploderade till nästan 71 miljoner USD, ungefär fem gånger föregående dags nivå.

" Note: Use decimal comma for prices: $1.93 -> 1,93 USD, $2.17 -> 2,17 USD. "intraday high" = "dagshögsta". "exploded" = "exploderade" (ok). "previous day's level" = "föregående dags nivå". Fourth paragraph: "

Volume Retreat and Price Pullback

The rally didn’t last. By Sunday, MORPHO had fallen back to nearly $1.9, and daily volume dropped to about $22 million. As of Monday, the token traded near $1.99, roughly where it stood a week earlier. The brief spike and retreat suggest the Upbit listing triggered a wave of speculative buying that quickly faded once the initial excitement wore off.

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Volymnedgång och prisfall

Rallyt varade inte. På söndagen hade MORPHO fallit tillbaka till nästan 1,9 USD, och den dagliga volymen sjönk till cirka 22 miljoner USD. På måndagen handlades token nära 1,99 USD, ungefär där den stod en vecka tidigare. Den korta toppen och tillbakagången tyder på att Upbit-noteringen utlöste en våg av spekulativa köp som snabbt avtog när den initiala entusiasmen lagt sig.

" Note: "rally" = "rallyt" (common). "fell back" = "fallit tillbaka". "brief spike and retreat" = "korta toppen och tillbakagången". "triggered" = "utlöste". "faded" = "avtog". "wore off" = "lagt sig". Fifth paragraph: "

Upbit’s Dominant Share of MORPHO Volume

The Upbit KRW pair now accounts for 12.26% of daily MORPHO volume, the largest share of any single market, surpassing even Binance. Won-denominated pairs across all venues make up about 13% of total MORPHO turnover. That concentration in a single exchange and currency pair raises questions about how much of Saturday’s activity was driven by Korean retail traders versus broader market participants.

The price has settled back near its pre-listing level, and volume has normalized. Whether the spike in new addresses and whale transactions marks the beginning of sustained interest or a one-day anomaly will become clearer in the coming days.

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