The post Pantera Capital Holding $280M Profits In ONDO Crypto appeared on BitcoinEthereumNews.com.

Arkham’s artificial intelligence model, ULTRA, recently unveiled that Pantera Capital controls wallets containing ONDO crypto tokens valued at over $300 Million. These findings spotlight Pantera’s significant investment in cryptocurrency, revealing a remarkable profit exceeding $280 Million. The discovery stemmed from ULTRA’s deep data analysis capabilities, designed to accurately associate digital wallets with institutional entities. – Advertisement – Arkham confirmed the AI’s predictions through rigorous verification processes, ensuring the findings’ authenticity. Source: X Arkham’s revelation has prompted further industry discussions around transparency and the tracking of institutional investments in the cryptocurrency sector. The identification of such substantial holdings illustrates the increasing role of AI technologies in enhancing market understanding and investor confidence. – Advertisement – Institutional Involvement in ONDO Crypto Could Spark a Rally Assessing the long-term outlook for ONDO shows that Binance has been subtly increasing its cryptocurrency holdings. Over the past six days, Binance’s accumulative strategy saw its total ONDO stash grow to 631,000 from 594,000. Conseuquently the Binance wallet 14 holds an additional 17,147K ONDO. The approach involves buying small volumes to avoid price manipulation, signaling strong institutional interest. Binance Wallet Holdings | Source: X Simultaneously, market maker Wintermute and the exchange Official_Upbit have also been actively buying ONDO. This likely hints at a broader institutional consensus that the asset is poised for growth. Further bolstering the outlook for ONDO, 21Shares has unveiled plans to launch four new Exchange-Traded Products (ETPs). These incorporate ONDO alongside other prominent crypto projects like PYTH, RNDR, and NEAR. Source: X These products will debut on exchanges in Amsterdam and Paris. NEAR is being specifically highlighted as a staking product where returns are reinvested to enhance ETP performance. This surge in institutional activity suggests that the market may see significant movements in the asset’s value soon. The ONDO crypto price chart also showed…

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Filed under: News - @ November 29, 2024 2:25 am