Ondo cryptocurrency has shown a significant increase in value over the past day, reaching a record high of $0.9494. This surge in price has contributed to a positive trend in the market, with a notable 96% increase in the last week.

Accompanying the price increase, there has been a 138% rise in trading volume and a 30% growth in market capitalization for Ondo, positioning it at 82nd place in the top crypto rankings.

Large transactions involving major holders, known as "whales," have taken place with Ondo tokens. Noteworthy transactions include Whale "0x56F9" withdrawing $6.53 million from Bybit and a newly established wallet taking out $1.78 million from Gateio.

Spot on Chain, a prominent crypto analytics tool, has observed a positive sentiment towards Ondo. The price of the RWA token has surged by nearly 93% in the last five days. Recent activity on Coinbase has further confirmed Ondo's market performance.

A multisignature wallet with the address 0x677 deposited 49.9 million ONDO tokens, valued at $36.38 million. Additionally, 10 new wallets withdrew the same amount, indicating strong performance.

This article was originally published on Optimisus website.