- ONDO is without doubt one of the RWA tokens attracting big consideration.
- Whale exercise rises amid tokenization frenzy.
- Information exhibits that whales are shopping for tokens like Polymesh, Pendle and TokenFi.
Ondo Finance has surged into the highest 100 cryptocurrencies by market capitalization because of the upward momentum of its native token ONDO.
On Monday, March twenty fifth, the worth of ONDO rose to a brand new all-time excessive of $0.9702. Intraday positive aspects on the time of writing stood at 15%, whereas Ondo Finance is up over 88% up to now week and over 116% within the final 30 days.
The worth of ONDO was hovering round $0.8997 on the time of writing.
ONDO surges amid whale exercise
The actual-world-assets (RWA) area is without doubt one of the hottest crypto segments as we speak, with many initiatives reviving within the sector because of an unprecedented surge in curiosity and funding.
Whales or giant traders have aggressively sought so as to add to their positions in RWA-related cash.
The expansion of Ondo Finance within the RWA ecosystem has been seen by main traders. Information shared by Lookonchain exhibits massive ONDO withdrawals from exchanges. This contains 6.53 million ONDO from Bybit final month and a pair of.9 million ONDO from Gateio earlier as we speak
Ondo Finance introduced the launch of Ondo World Markets in February. The mission is to carry publicly traded securities into the chain and supply native entry to conventional securities.
In the meantime, the worth of Ondo not too long ago jumped over 40% because the market reacted to information surrounding BlackRock’s USD Institutional Digital Liquidity Fund.
Other than ONDO, different tokens witnessing big consideration throughout the universe are Centrifuge, Polymesh, Pendle and TokenFi. The worth of Polymesh jumped 87% final week, whereas the worth of TokenFi jumped 160%.
In line with knowledge from CoinGecko, RWA’s market capitalization elevated by greater than 17% within the final 24 hours to greater than $6.6 billion. The 24-hour buying and selling quantity on this sector is greater than $1.16 billion.
