ONDO
The ONDO token based on RWA is another asset that crypto whales are paying attention to this month. Santiment data shows a noticeable increase in coin holdings of whale wallet addresses that contain between 100 and 100,000 ONDO tokens.
Over the past week, this group has accumulated a total of 3 million tokens, indicating growing confidence in the short-term prospects of ONDO.
ONDO Supply Distribution
ONDO Supply Distribution. Source: Santiment
If demand from whales continues to grow, this could provide the momentum needed to push the price of ONDO above the key resistance level at $0.92.
Conversely, if market sentiment changes and whales start taking profits, the token risks returning to the $0.66 mark.
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