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ONDO Climbs 17.9% as Treasury Pilot Boosts RWA Narrative: Will Rally Last?


ONDO Climbs 17.9% as Treasury Pilot Boosts RWA Narrative: Will Rally Last?

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AI Overview

ONDO jumped 17.9% to about $0.435 after a successful tokenized U.S. Treasury (OUSG) pilot with Ondo, Ripple, Mastercard and JPMorgan’s Kinexys; the XRP Ledger processed the asset leg in under 5 seconds, underscoring RWA adoption, cross-border settlement and crypto/DeFi integration. - Whale cohorts accumulated ~77.7M ONDO in a month, signaling broader accumulation; key technicals: ONDO must hold $0.42 to keep the breakout, with $0.47 and $0.55 as the next resistance targets.

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  • ONDO climbed 17.9% after a tokenized Treasury pilot involving Ripple, Mastercard, and JPMorgan.
  • Whale cohorts added about 77.7M ONDO in a month, showing broader accumulation across holders.
  • ONDO must hold $0.42 to keep its breakout intact, with $0.47 and $0.55 as the next key levels.

ONDO climbed 17.9% today after traders reacted to a tokenized Treasury settlement pilot involving Ondo Finance, Ripple, Mastercard, and JPMorgan’s Kinexys platform. CoinGecko data showed the token rising to about $0.435, extending a sharp early-May recovery.

The move followed a successful test involving OUSG, Ondo’s tokenized U.S. Treasury product. The pilot completed a cross-border, cross-bank redemption, with the XRP Ledger processing the asset leg in under five seconds.

Treasury Pilot Puts RWA Demand Back in Focus

The rally came after two developments placed Ondo deeper in…

Read The Full Article ONDO Climbs 17.9% as Treasury Pilot Boosts RWA Narrative: Will Rally Last? On Coin Edition.

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