Ondo Finance’s token, ONDO, hits a record high of $0.8162, driven by increased whale activity and decreased token supply.
Expansion into the Asia Pacific region and BlackRock’s interest in RWA tokenization boost investor confidence in Ondo Finance.
The ONDO token, the driving force behind Ondo DAO and Flux Finance, has witnessed a remarkable surge in value recently. Over the past week, its price has skyrocketed by an impressive 40%, reaching an all-time high (ATH) of around 77 cents. This surge marks a significant milestone since its listing two months ago, in January 2024, with ONDO yielding returns exceeding 350% thus far.
The surge in ONDO’s price coincides with heightened interest from large investors, commonly referred to as “whales.” Data from cryptocurrency analytics platform Santiment reveals a notable increase in whale transactions, with transactions involving at least $100,000 worth of ONDO rising from 68 to 91 within 24 hours. Simultaneously, there has been a reduc

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