
Ondo Finance up 14% as entity buys $61M ONDO
Ondo Finance (ONDO) experienced a significant market surge, recording gains of over 14% and outperforming Bitcoin within the top 100 cryptocurrencies. This price action was driven by a 118% increase in trading volume, which reached $155 million, primarily fueled by speculative activity in perpetual DEX markets. On-chain data reveals that institutional-scale accumulation is occurring, evidenced by the transfer of 178 million ONDO tokens, valued at approximately $61 million, from Coinbase Prime Custody wallets. These large-scale movements, executed in six distinct batches, suggest strong interest from whales and institutional entities. Technical indicators, including a breakout from a two-month consolidation pattern and positive MACD readings, support the current bullish momentum. The tokenization narrative remains a primary catalyst for this capital inflow, highlighting the growing market appetite for RWA-focused protocols. While the asset faces immediate resistance levels at $0.40 and $0.44, the sustained institutional buying activity indicates a potential shift in market structure for the token.













