ONDO's price spiked by 10%, accompanied by rising trading volume. Key events and analyst comments make the token a focal point.
ONDO Price and Trading Volume Surge
ONDO's price shot up over 10% today, making it one of the best performers in the market. Trading has picked up as well, with volume up 151% as more people buy and sell.
Major Purchase by World Liberty
Lookonchain revealed that World Liberty, a platform tied to Trump's World Liberty Financial Initiative, purchased 134,216 ONDO tokens for $250,000 USDC. The purchase price per token stood at $1.86. This significant acquisition comes amid World Liberty's broader investments in cryptocurrencies including Ethereum, Chainlink, and Aave.
Market Analysis and Social Sentiment
Technical analysis of ONDO indicates strong bullish momentum with key resistance levels at $1.00 and $2.00. Social media also fuels interest: popular analyst Sjuul highlighted ONDO's potential, humorously referencing a 'programmed' price of $2.00. This underscores ONDO's leadership in the RWA sector, amplifying investor interest.
The combination of institutional activity, technical strength, and social engagement continues to drive ONDO's price upward, making it a focal point for traders.
