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Recently, the Real-world assets (RWAs) have come into focus in the crypto space. ONDO token is one of them, which began to skyrocket gains this week. This week, the token has completed the fund data tokenization pilot by the Depository Trust & Clearing Corporation (DTCC) and Chainlink in collaboration with major U.S. banks. As a result, the ONDO token price has reached the 52-week high mark and signifies sharp whale buying activity. In addition, the token trades close to the round mark of $1 and will get to the blue-sky zone soon. At press time, the ONDO token (ONDO) price traded at $0.9734 with an intraday surge of 1.10%, reflecting sharp bullishness on the charts. It has a monthly return ratio of 43.20% and 3167.20% yearly. The pair of ONDO/BTC is at 0.0000145 BTC, and the market cap is $1.94 Billion. Analysts are neutral and suggest that the ONDO price may cross the $1 mark and might escape the ATH soon. ONDO Hints Whale Accumulation: $1 Mark On The Cards? This week, a sharp bullish wave led the token to surge over 38%, crossing the key moving averages. Moreover, the token is looking for a sharp rally ahead to break its ATH mark of $1.05. Source: Santiment A significant spike in the trading volume of over 27.37% to $260.78 Million revealed investor speculation in the last 24 hrs. The price of #RWA token $ONDO pumped ~10%, after DTCC, #Chainlink completed fund data tokenization pilot with U.S. banks! In the past 17 hours, New whale 0x803 withdrew 957 $ETH from #Gemini and has swapped 796.3 $ETH ($2.38M) for 2.64M $ONDO at ~$0.902! The $ONDO buying is… pic.twitter.com/PP8FNUmPWC — Spot On Chain (@spotonchain) May 17, 2024 Source: Twitter After successfully completing the DTCC- Chainlink pilot project, RWA tokens, including the ONDO, witnessed…

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Filed under: News - @ May 18, 2024 8:24 pm