- The large $3 billion ONDO tokens are scheduled to hit the market on January 18, 2025.
- Greater than 20% of the entire tokens unlocked shall be allotted to traders.
- Early traders purchased ONDO at $0.02 and made 80x.
Ondo (ONDO) is only a month away from its huge token unlock occasion. This occasion may push the value of the digital asset to month-to-month lows if the digital asset sector and traders aren’t prepared. Big $3 billion ONDO tokens will hit the market on January 18, 2025, however with the catch.
In line with a submit on X (previously Twitter) by Tokenomist (previously generally known as TokenUnlocks), the unlocked tokens, which characterize 135% of the circulating provide (14.37% of the entire provide), shall be distributed in two. Roughly 80% of the entire tokens unlocked will go in direction of ecosystem progress and protocol growth, whereas the remaining 20% shall be reserved for traders.
On the time of writing, ONDO is buying and selling at $1.43, down 11.68% within the final 24 hours. In line with CoinMarketCap, it has a market capitalization of $2 billion and a buying and selling quantity of $498 million, which is up 127% over the identical time interval. The cryptocurrency is down 25.12% from its all-time excessive of $1.93 seen earlier this month.
Will the ONDO worth drop?
Tokenomist highlighted that the mission's first backers and seed traders entered throughout the Collection A funding spherical at a worth of $0.02 and have now made a revenue of as much as 80x. So, the 322 million ONDO tokens (value $500 million) that have been unlocked for traders on January 18 might push the cryptocurrency down.
The Relative Energy Index (RSI) for ONDO worth motion is at 58.61, which implies that bulls are answerable for the altcoin motion and traders can count on the correction to finish quickly. Nonetheless, the MACD indicator is about to witness a bearish divergence, which, if it happens, might result in an additional drop within the worth of ONDO.
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