The price of real-world asset (RWA) token $ONDO has surged dramatically, rising 93% over the past five days, with an additional 20% spike today, pushing it to an all-time high of $0.974.
This surge in value has drawn attention from market participants and on-chain analysts, who observed significant activity within the ONDO ecosystem.
Key Transactions and Whale Activity
According to Spotonchain insights, Ondo Finance multisig wallet 0x677 initiated a notable transaction on March 22, depositing 49.9 million ONDO tokens (worth $36.38 million**) into Coinbase at an average price of **$0.729.
Subsequently, a series of transactions involving 10 new wallets withdrew approximately 49.7 million ONDO tokens (worth $36.9 million**) from Coinbase at an average price of **$0.743.
These transactions, executed within three days, generated $9.93 million in profit, reflecting a 26.9% increase.
The coordinated deposits and withdrawals suggest whales are strategically accumulating ONDO, aligning with the token’s price surge and signaling growing investor confidence.
Exchange Withdrawals Highlight Strong Holding Sentiment
Lookonchain further identified significant ONDO movements across major exchanges:
- Whale address "0x56F9" withdrew $6.53 million worth of ONDO from Bybit over the past month, reinforcing long-term positioning.
- New wallets ("0x92dD" and "0xE6bf") recently extracted 1.98 million and 937,600 ONDO tokens from Gate.io, valued at $1.78 million** and **$845,000, respectively.
These actions underscore rising momentum and strategic accumulation by large holders.
Why Is ONDO Gaining Traction?
ONDO’s growth aligns with broader interest in RWA tokens, which bridge traditional finance and blockchain. Key factors driving demand include:
- Institutional Interest: Whales and funds are increasingly diversifying into RWAs.
- Utility: Ondo Finance’s ecosystem offers real-world asset exposure, appealing to yield-seeking investors.
- Market Trends: As DeFi evolves, RWAs are positioned as a high-potential sector.
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FAQs
Q: What is driving ONDO’s price surge?
A: Whale accumulation, institutional interest, and growing RWA sector adoption.
Q: Should investors consider buying ONDO now?
A: While past performance is strong, always assess risk tolerance and market conditions.
Q: How does Ondo Finance differentiate itself?
A: It offers structured real-world asset products, blending TradFi and DeFi benefits.
Conclusion
ONDO’s record high reflects strategic whale activity and sector-wide RWA growth. As the token garners attention, its trajectory could signal broader trends in asset tokenization.
For those exploring RWA investments, staying informed is key.
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Note: This content is for informational purposes only and not financial advice.
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