Ondo Finance is a U.S.-based company specializing in tokenized securities and its goal is to make institutional-grade financial products and services more accessible through blockchain technology. This platform merges conventional financial expertise with cutting-edge blockchain solutions to enhance the availability and framework of financial offerings.
The ONDO Coin has stood out as a top performer driven by transactional activity. Currently the over crypto market has increased by 2.57% and Ondo Coin experienced a remarkable surge of 15% In the last 24 hours.
The Ondo Coin also reached a record high of $0.9744 and showed a positive trend for the token. Notably, it has seen an impressive 92.25% surge in the 7-day chart and 105% surge in the last 30 days. Additionally, the Ondo Coin ranks in the top 100 tokens by market cap.
ONDO Whales: Making Giant Leaps
According to the data of LookOnChain, the Ondo Coin has experienced notable transactions by larger holders known as “whales”. In the past month, Whale “0x56F9” withdrew 6.53 million ONDO ($5.88 million) from Bybit. At the same time, a new wallet under the address of 0x92d pulled out 1.98 million ONDO ($1.78 million) from Gateio.
On March 22, the wallet 0x677 deposited 49.9 million ONDO ($36.38 million) into Coinbase at $0.729. Moreover, 10 new wallets withdrew 49.7 million ONDO ($36.9 million) from Coinbase at around $0.743, resulting in a combined total of $9.93 million within three days.
These large holders are often considered to have a significant impact on the market and their actions can be indicative of future price movements. The accumulation of Ondo tokens by these whales suggests that they have confidence in the token’s potential for growth.
Our Opinion: According to our expert’s technical analysis, the ONDO Coin has the potential to reach a maximum price level of $1.174 and the average price to be around $1.081 by the end of 2024. However, if the market faces any major bearish event, the minimum price of the ONDO Coin can decline to $0.880 by 2024.
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Disclaimer: The information in this article should not be considered anything as financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.
Praveen got into the world of cryptocurrency in 2017 by trading and investing. With a wealth of experience managing various crypto-related projects, Praveen is deeply passionate about all aspects of cryptocurrency, blockchain, Metaverse, and NFTs.