🦋 Morpho just saw 5.59M tokens move off exchanges. This is the largest tracked net outflow day since MORPHO became transferable and began spot trading on November 21, 2024. 📉 Exchange supply is thinning fast. Fewer MORPHO tokens on exchanges means fewer coins sitting ready for quick selling, which lowers the risk of a sudden sell wall. 🏦 The catalysts are related to Robinhood’s choice for Morpho to power Earn, Morpho raising $175M from major crypto and finance backers, and July activity showing stronger lending traction across Coinbase, Base, and institutional channels. 🌊 Upbit’s KRW listing also helped put MORPHO back on traders’ screens. The earlier July spike already showed Korean demand driving whale activity, new wallets, and exchange outflows, and this new all-time outflow suggests holders may be pulling supply into stronger hands. 🔗 Live Chart: https://app.santiment.net/charts/morpho-exchange-flow-balance-32015?utm_source=x&utm_medium=post&utm_campaign=morpho_exchange_flow_balance_b_081326&aff=3(Santiment Intelligence)