Ondo Finance (ONDO) Price Jumps 40% Amid RWA Tokenization and Whale Activity

Highlights
- RWA assets like Ondo Finance rallies BlackRock makes a move in this industry.
- ONDO's whale transactions worth $100,000 surge supporting the price rally.
- Ondo Global Markets bridge traditional and DeFi with Tokenized Securities
The ONDO token, powering the Ondo DAO and Flux Finance, has witnessed remarkable growth in recent times. Within the past week alone, the price of ONDO has surged by an impressive 40%, reaching its all-time high (ATH) of around 77 cents. Since its listing just two months ago in January 2024, ONDO has delivered returns exceeding 350%.
What’s Behind the ONDO Price Rally?
After BlackRock ventured into blockchain by introducing a tokenized fund on Ethereum, there has been a notable surge in the value of various Real World Asset (RWA) tokens.
Among these tokens, Ondo Finance (ONDO) has witnessed substantial price hikes. Ondo Finance seeks to merge traditional finance with decentralized finance (DeFi) by tokenizing securities. Its diverse offerings and growing partnerships within the blockchain ecosystem have contributed to its positive market impact.
New data provided by on-chain analytics firm Santiment reveals a surge in whale transactions related to ONDO. Over the past 24 hours, transactions exceeding $100,000 have increased from 68 to 91 unique cases. This uptick in whale activity aligns with a notable decrease in ONDO’s supply on exchanges, dropping from 536.64 million to 529.6 million tokens across all platforms during the same timeframe.
The substantial rise in whale transactions, coupled with the reduction in exchange supply, suggests a robust bullish sentiment surrounding ONDO’s market dynamics.
Expanding Tokenized Assets Offering
Earlier this week, Ondo Finance unveiled Ondo Global Markets, a new platform designed to bridge traditional and DeFi markets by introducing tokens representing ownership of conventional securities. This strategic move extends Ondo’s offerings beyond tokenized U.S. Treasuries, broadening its appeal to a wider audience and potentially boosting demand for the ONDO token.
In addition to its core product, Ondo Finance has forged partnerships with several blockchain platforms, including Aptos, Sui, and Solana. By integrating its tokenized treasury products (USDY) and exploring additional DeFi applications, Ondo is diversifying its presence across multiple chains, solidifying its position as a frontrunner in the RWA tokenization sector.
Despite the recent surge in price, it’s essential to analyze technical indicators. ONDO is currently trading above its 50-day moving average, indicating a potential short-term uptrend. Moreover, the Relative Strength Index (RSI) remains at a healthy level, suggesting further room for growth before reaching overbought conditions.
- Fed’s Payments Conference: Waller Floats ‘Payment Account’ Framework to Support Crypto Innovation
- Aster Outpaces Lighter in Perp DEX Rankings as Wintermute Buys the Dip After Previous Dump
- Is This Final Bitcoin Price Correction Before US Shutdown Ends, Fed Rate Cuts?
- Blockchain for Good Alliance and UNDP AltFinLab Launch Blockchain Impact Forum
- ‘Trump Insider Whale’ Increases Bitcoin Short As U.S. Counters China in New Australia Deal
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
- Bitcoin Price Prediction as Gaussian Channel Turns Green Amid U.S.–China Trade Progress and Fed Rate Cut Hopes
- Solana Price Prediction: Analyst Notes Bearish Breakdown Amid Derivatives Slowdown