Whales accumulate ONDO amid a RWA tokens buying frenzy

• ONDO is without doubt one of the RWA tokens attracting large consideration.
• Whale exercise spikes amid tokenization spree.
• Information reveals whales are shopping for tokens comparable to Polymesh, Pendle and TokenFi.

Ondo Finance has surged into the highest 100 cryptocurrencies by market cap amid upside momentum for its native token ONDO.

On Monday, March 25, the value of ONDO rose to a brand new all-time excessive of $0.9702. Intraday positive aspects on the time of writing was 15%, whereas Ondo Finance has surged greater than 88% this previous week and over 116% within the final 30 days.

ONDO value hovered round $0.8997 on the time of writing.

ONDO surges amid whale exercise

The actual-world-assets (RWAs) house is without doubt one of the hottest crypto segments at present, with a number of tasks within the sector rallying amid unprecedented surge in curiosity and funding.

Whales or giant buyers have aggressively appeared so as to add to their positions in RWA associated cash.

Ondo Finance’s development within the RWA ecosystem has seen giant buyers take discover. Information shared by Lookonchain reveals giant withdrawals of ONDO from exchanges. This contains 6.53 million ONDO from Bybit final month and a couple of.9 million ONDO from Gateio earlier at present

Ondo Finance introduced the launch of Ondo World Markets in February. The mission is to deliver publicly-traded securities on-chain, providing native entry to conventional securities.

In the meantime, the value of Ondo just lately jumped by greater than 40% because the market reacted to information round BlackRock’s USD Institutional Digital Liquidity Fund.

Apart from ONDO, different tokens witnessing large consideration throughout the house are Centrifuge, Polymesh, Pendle and TokenFi. Polymesh’s value has jumped 87% this previous week, whereas TokenFi’s value has jumped 160%.

In line with knowledge from CoinGecko, the RWA market cap has elevated by greater than 17% prior to now 24 hours to over $6.6 billion. The 24-hour buying and selling quantity for the sector is over $1.16 billion.