MSUSD plunges 85%, Morpho’s capital utilization is maxed out—has the DeFi leverage liquidation chain begun?

MORPHO4.28%
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CoinNetwork
CryptoWorld News reports that, according to PeckShield monitoring, the Mainstreet Finance-related token MSUSD once dropped by 85%. Additionally, AlphaUSDC Delta V2 (curated by Alphaping) has approximately 30% of its assets (about $18 million) exposed to the MSY/USDC market, and currently, the funding utilization rate in this Morpho market has reached 100%.
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