Ondo Finance (ONDO) is breaking out strongly with an increase of nearly 10% in a day, affirming its leading position in the group of cryptocurrencies in the real-world asset (RWA) segment. This rising momentum also reflects a positive trend across the market, with total cryptocurrency capitalization recording an increase of over 4%, surpassing the $4 trillion threshold.
RWA tokenization experiences robust growth of 7,000%
The tokenization of RWA is experiencing a booming growth phase, starting from Donald Trump's second term, particularly after the White House's Bitcoin report mentioned Ondo Finance, positioning this altcoin as one of the leaders in the tokenization field.
According to Dami Defi, U.S. Treasury bonds tokenized on the blockchain have recorded impressive growth of around 7,000% in just two years. Among these projects, BlackRock still holds the leading position, but ONDO also stands out with a 120% increase since the beginning of 2025.
Ethereum, Chainlink, and Solana platforms continue to play a crucial role in asset tokenization, but ONDO is quickly establishing its position as total assets under management (AUM) exceed $1.3 billion, accounting for about 33% of the total value of tokenized RWA, according to data from Messari.
On the Solana blockchain, the amount of stablecoins issued has also increased to $250 million, accounting for about 64% of the total supply, demonstrating ONDO's strength and effective deployment of RWA. According to Standard Chartered, the RWA market is expected to reach $30 trillion by 2034, opening up enormous growth opportunities for this altcoin.
Whales accumulate when prices are discounted
On-chain data from Arkham shows that a whale is accumulating ONDO at a price below $1. This individual's wallet currently holds approximately 1.35 million ONDO, equivalent to $1.26 million.
This activity coincides with the management expanding token minting to CoWSwap, according to data from EtherScan. Furthermore, ONDO has tested deploying American Express on the CoWSwap platform, demonstrating efforts to enhance integration and expand reach.
This strategy aligns with ONDO's goals: simplifying the asset tokenization process and ensuring broad integration capability, thereby attracting more protocols and users thanks to a direct correlation with on-chain data.
Price trend: Hold steady or collapse?
Despite achieving many significant milestones in RWA tokenization and on-chain growth, ONDO's price is still in a state of stagnation. Recent technical models indicate two bearish reversals:
For the first time, the price dropped from $1.15 to $0.85.
For the second time, the price fluctuated from $1.1 to $0.9, establishing a temporary floor.
The ability to maintain above $0.9 depends greatly on the broader market dynamics, especially Bitcoin's fluctuations. However, the Chaikin Money Flow (CMF) index is currently at 0.17 and increasing, indicating that capital is flowing in, supporting the accumulation trend from whales.
However, the head and shoulders pattern on the technical chart warns of the possibility that ONDO's price may continue to decline. The support level at $0.85 may still hold to prepare for a recovery. If this level is not maintained, the likelihood of a reversal will be invalidated, opening up the risk of further price declines.
ONDO is still leading the RWA tokenization market, with strong growth and interest from major investors. However, short-term price movements still carry risks. Investors need to carefully consider, combining on-chain analysis and broader market trends to make reasonable decisions.