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South Korean Traders Push MORPHO Whale Transactions to Highest Level Since October 2025

South Korean demand pushed Morpho (MORPHO) whale transactions, pockets creation, and alternate outflows to multi-month highs on Saturday. The spike landed the identical day Upbit opened a gained buying and selling pair.

Activity has since cooled throughout all three metrics. Still, Upbit handles extra MORPHO quantity than some other venue.

What Happened on Saturday

Santiment recorded 68 whale transactions above $100,000 in a single day. That is the best each day depend since October 2, 2025.

Wallet creation moved with it. 337 new MORPHO addresses appeared, the strongest studying since March 15, 2026.

Exchange balances thinned on the similar time. Traders shifted 4.35 million MORPHO off platforms, the most important single-day outflow since February 4, 2026.

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MORPHO Whale Transactions, Network Growth, and Exchange Outflows Spike to Multi-Month Highs. Source: X/Santiment

The simultaneous bullish sign arrived as Upbit opened buying and selling for MORPHO within the KRW market at 6 p.m. KST that night. The announcement additionally triggered a price surge. 

MORPHO climbed from about $1.93 to an intraday high of $2.17 inside hours, and each day quantity rose shut to 5 instances to close to $71 million, in accordance to CoinGecko.

Upbit Still Handles More MORPHO Volume Than Binance

Nonetheless, the push proved brief. MORPHO slipped to practically $1.9 on Sunday and now trades close to at $1.99, roughly the place it sat a week earlier. Daily quantity has fallen again to about $22 million.

MORPHO Price Performance. Source: BeInCrypto Markets

Still, the Korean circulate didn’t depart fully. The Upbit KRW pair accounts for 12.26% of each day MORPHO quantity, the most important share of any market, forward of Binance.

Won pairs throughout all venues make up about 13% of turnover. That focus provides Korean retail merchants vital affect over short-term MORPHO value actions.

The subsequent few weeks ought to present whether or not Korean access turns into steady demand or stays a one-day occasion.

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The submit South Korean Traders Push MORPHO Whale Transactions to Highest Level Since October 2025 appeared first on BeInCrypto.

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