Ondo Finance (ONDO) Hits ATH as Whale Transactions Fuel Rally
- ONDO hits new ATH at $0.8162 amid whale activity and market optimism.
- BlackRock’s digital asset fund spotlight boosts ONDO as it expands tokenization in the Asia Pacific.
- Technical indicators suggest ONDO may be overbought, hinting at potential correction.
Ondo Finance’s native token, ONDO, has witnessed an upturn, marking a new all-time high (ATH) of $0.8162 after finding support at the intra-day low of $0.6931. At press time, the rally was still in play, with ONDO price up 0.21%, exchanging hands at $0.7209.
Surging Interest and Whale Activity
The price surge in ONDO comes amid increased interest from large investors, “whales,” who have been actively transacting large amounts of the token. Data from cryptocurrency analytics platform Santiment shows an uptick in whale transactions, with those involving at least $100,000 worth of ONDO rising from 68 to 91 unique transactions within 24 hours. This increased activity from large investors is often a precursor to heightened price volatility and can significantly influence market dynamics.
In parallel to the whale transactions, there has been a decrease in …
The post Ondo Finance (ONDO) Hits ATH as Whale Transactions Fuel Rally appeared first on Coin Edition.
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Ondo Finance (ONDO) Hits ATH as Whale Transactions Fuel Rally
- ONDO hits new ATH at $0.8162 amid whale activity and market optimism.
- BlackRock’s digital asset fund spotlight boosts ONDO as it expands tokenization in the Asia Pacific.
- Technical indicators suggest ONDO may be overbought, hinting at potential correction.
Ondo Finance’s native token, ONDO, has witnessed an upturn, marking a new all-time high (ATH) of $0.8162 after finding support at the intra-day low of $0.6931. At press time, the rally was still in play, with ONDO price up 0.21%, exchanging hands at $0.7209.
Surging Interest and Whale Activity
The price surge in ONDO comes amid increased interest from large investors, “whales,” who have been actively transacting large amounts of the token. Data from cryptocurrency analytics platform Santiment shows an uptick in whale transactions, with those involving at least $100,000 worth of ONDO rising from 68 to 91 unique transactions within 24 hours. This increased activity from large investors is often a precursor to heightened price volatility and can significantly influence market dynamics.
In parallel to the whale transactions, there has been a decrease in …
The post Ondo Finance (ONDO) Hits ATH as Whale Transactions Fuel Rally appeared first on Coin Edition.
Read More
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