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South Korean demand drives Morpho whale transactions to highest since Oct 2025

Market News
27 Jul 2026
BeInCrypto
View Source
Bullish
pluang ai news

On July 25, 2026, South Korean traders significantly increased Morpho (MORPHO) whale transactions, new wallet creations, and exchange outflows, reaching multi-month highs. This surge coincided with Upbit launching a Korean won trading pair for MORPHO, causing a price jump from $1.93 to $2.17 and a nearly fivefold increase in daily volume to $71 million. Although activity cooled shortly after, Upbit remains the largest MORPHO trading venue, with Korean won pairs accounting for over 12% of daily volume. The coming weeks will reveal if this Korean interest sustains or was a one-time spike.

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