Ondo

Notable

Spot

<ul>
 <li><strong>Ondo token surges 30%, reaching ATH amidst market rebound.</strong></li>
 <li><strong>The daily RSI is at 74, signaling the overbought trend.</strong></li>
</ul>
<p>Amidst a gradual market recovery, Ondo [ONDO] has emerged as a standout performer, buoyed by transactional activity. Over the past 24 hours, while the broader market has seen a modest 5% uptick, Ondo has surged impressively by 30%, reaching an all-time high of $0.9494.</p>
<p>This surge in value is indicative of a broader positive trend for Ondo, with a remarkable 96% increase over the past seven days. The surge in price has been complemented by a surge in trading volume, up by 138% within a single day. And a 30% increase in market capitalization, propelled Ondo to 82nd in the top cryptocurrency rankings.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/2iyVkYpM8pTqwLonN_wWuzr9Whogs_ezZDzekmfn6xdfpXtPqaMpFxCU11sAZ-2TOoTGsATa3sMFr5as06OMFp3Sf1L0k401tSn7b_9olXr84NQp7i2ZxGpYsGn4mR4Zzwg7PrGc7E7gTnWRWVTDKH0" alt="">
  <figcaption class="wp-element-caption">
   ONDO Price Chart, Source: TradingView
  </figcaption>
 </figure>
</div>
<h3 class="wp-block-heading" id="h-ondo-whales-big-steps">ONDO Whales’ Big Steps</h3>
<p>Lookonchain <a href="https://x.com/lookonchain/status/1772087531619959076?s=20" rel="noopener noreferrer nofollow">points</a> to a significant accumulation of Ondo tokens by large holders, or “whales.” Notable transactions include Whale “0x56F9” withdrawing 6.53 million ONDO ($5.88 million) from Bybit in the past month, and a fresh wallet, 0x92d, withdrawing 1.98 million ONDO ($1.78 million) from Gateio in the past hour. Additionally, wallet “0xE6bf” withdrew 937,600 ONDO ($845,000) from Gateio three hours ago.</p>
<p>Also, Spot on Chain, a prominent cryptocurrency analytics platform, has also reported positive sentiment surrounding Ondo. The price of the RWA token has surged by approximately 93% over the past five days, reflecting growing confidence among investors.</p>
<p>Recent transactional activity on <a href="https://thenewscrypto.com/blackrock-choose-coinbase-for-tokenized-fund-infrastructure/" rel="noopener noreferrer nofollow">Coinbase</a> further underscores Ondo’s market activity. On March 22, the multisign wallet 0x677 deposited 49.9 million ONDO ($36.38 million) to Coinbase at $0.729. Subsequently, 10 fresh wallets withdrew 49.7 million ONDO ($36.9 million) from Coinbase at approximately $0.743, collectively making $9.93 million after three days.</p>
<p>Moreover, technical indicators for Ondo remain positive, with the seven-day Exponential Moving Average (EMA) suggesting a sustained upward trend, while the Relative Strength Index (RSI) signals strong buying momentum.</p>

ONDO Hits All-Time High Amid Surge in Whale Transactions

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TheNewsCrypto

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