Whales Make a Move on ONDO for Less Than $1 as Tokenization Soars 7000%

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Key Takeaways

The once-bustling streets of ONDO Finance [ONDO] find themselves slipping by 2% today, yet it stands tall against its peers in the Real World Asset (RWA) coin race. As the broader market stumbles-stocks included-ONDO remains a figure to watch. Can it still hold on? Only time will tell.

Tokenizing Real World Assets, a trend that has exploded faster than a rogue Russian rocket, has skyrocketed under Trump’s second term. The momentous momentum began picking up speed after a White House Bitcoin report-yes, you heard that right-dropped ONDO into the spotlight, solidifying its place as a token leader. But don’t get too comfy; the story’s far from over.

Tokenization Grows by 7000%, ONDO Leads the Charge

According to Dami Defi’s post on X (not a typo, we’re sticking with the new jargon), U.S. treasuries tokenized on blockchain have surged by an absurd 7000% over the past two years. Of course, BlackRock sits at the top, but who’s right on its tail? That’s right, ONDO, with a cool 120% rise since the start of 2025. Impressive? Sure. Sustainable? Well, let’s see.

Ethereum [ETH], Chainlink [LINK], and Solana [SOL] are the brave knights leading the charge in this digital crusade, but Messari’s analysis shows that ONDO has now amassed a whopping $1.3 billion in assets under management (AUM)-about 33% of the whole tokenized pie. Impressive, right? It gets better-its stablecoins issued on the Solana blockchain alone hit $250 million, making up 64% of that stable coin share. Oh, ONDO, you are nothing if not persistent.

The data doesn’t lie: ONDO is firmly leading the tokenization of RWAs, with the market projected to hit a staggering $30 trillion by 2034. Not bad for a little-known altcoin.

Whales Shop for a Bargain as Minting Expands

Meanwhile, on the blockchain’s quieter corners, some whales have been hoarding ONDO under the $1 mark like it’s the Black Friday sale of the century. Arkham Intelligence’s on-chain data shows one whale scooping up a neat 1.35 million ONDO, worth about $1.26 million at press time. Talk about a deep dive!

Meanwhile, leadership is expanding the minting horizon-now even stocks are being deployed on CoWSwap. American Express, you ask? Oh, yes. ONDO’s got it. So, what’s next? A tokenized Moon landing? Only time will tell.

The expansion has more than a passing resemblance to a textbook strategy for increasing user adoption. With more protocols entering the fold, the hope is that user growth will follow. A classic chicken-and-egg situation, no?

Will the Altcoin Hold or Break?

Despite all the tokenizing excitement, ONDO’s price has stalled. Like a contestant on “America’s Got Talent” after a dazzling start, it’s now teetering on the edge of rejection. Having formed not one, but two bearish reversal patterns, the signs aren’t looking too hot for the little altcoin that could. Could it still make a comeback? Maybe.

The first ominous pattern sent ONDO crashing from $1.15 to $0.85, while the second pushed it from $1.10 to $0.90, where it seems to have found a shaky floor. Can it hold $0.90? Maybe, but it’s up to the whims of the larger market, particularly Bitcoin’s [BTC] movements.

On the bright side (sort of), the Chaikin Money Flow (CMF) indicator is trending upward at 0.17, signaling that some capital is flowing back in. If you’re a glass-half-full kind of person, that’s a good sign, right? Right?

But wait, there’s more! The “heads and shoulders” pattern suggests that further drops may still be in store, so don’t get too comfortable just yet. Revisiting $0.85 isn’t out of the question-but hey, maybe that’ll set up the perfect rebound, right? Or not. Stay tuned.

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2025-08-23 10:09