Exodus Wallet has announced the discontinuation of ONT and ONG staking support by July 13, 2025, prompting users to transfer their assets.
Discontinuation of Staking Support
According to information provided by Exodus Wallet, support for staking ONT and ONG will end on July 13, 2025. This decision affects users' asset management and earnings strategies. Ontology founder Li Jun noted that this decision is part of the 2025 roadmap aimed at strengthening the company's leadership in decentralized identity.
Expected Sell Pressure on ONT and ONG
The end of support on Exodus Wallet may lead to temporary sell pressure on ONT and ONG, as users are required to migrate their assets. The need to transfer or swap currencies can pose short-term liquidity concerns for token holders.
Urgency in Asset Migration
Past experiences with similar support removals indicate that such changes can lead to short-term price volatility. Users are urged to promptly move their assets to alternative platforms to minimize potential losses.
Exodus Wallet's decision to discontinue ONT and ONG staking support signals the need for active migration by users to avoid liquidity issues and asset management challenges.
