Everyone can pay attention to $MORPHO
Apollo Global Management, which manages $900 billion in assets, will purchase up to 90 million MORPHO tokens within 4 years.
Both parties will jointly support the on-chain lending market based on the Morpho protocol.
This is a landmark event for traditional financial giants entering DeFi governance. Based on the current price of about $1.25/token, this transaction is valued at approximately $112.5 million.