Hello everyone, this is Zhou Zhou.
The crypto circle is lively again! 💥 With the dual hotspots of tokenization and meme coins overlapping, many trending coins have emerged in the market. Today, we will review two major hotspots: ONDO's performance in the tokenization of real-world assets (#RWA ) and SHIB's recent astonishing burning event. Understanding these trends will help you grasp the next market rhythm more clearly!
🐋 ONDO is below $1, and whales are frantically accumulating tokens.
Since 2023, the tokenization wave of U.S. Treasury bonds has surged dramatically, with an overall growth of about 7000%💥. Among them, #ONDO stands out as a leader, with a growth rate exceeding 120% this year. Ethereum [#ETH ], Chainlink [#LINK ], and Solana [#SOL ] are at the forefront of tokenization. Messari emphasizes that ONDO's asset management scale has grown to over $1.3 billion, accounting for approximately 33% of all tokenized assets.
Although the price has recently found support at $0.90, the technical indicators show potential downward risks.
According to on-chain data from Arkham Intelligence, a whale recently made a large purchase of ONDO when the price was below $1, currently holding approximately 1.35 million ONDO, equivalent to $1.26 million 💰.
Whale movements often indicate that large holders are laying out long-term potential assets, and ONDO's dominant position in the tokenization of real-world assets (RWA) also makes it a focal point.
It is worth noting that the total amount of stablecoins issued by ONDO on the Solana blockchain has grown to $250 million, accounting for about 64% of the entire RWA market, indicating its core position in the industry. As more protocols join, the arrangements of whales and institutions may continue to drive its liquidity and market activity.
However, the market still faces volatility risks in the short term. ONDO's price has formed two bearish reversal patterns: the first drop from $1.15 to $0.85, and the second drop from $1.10 to $0.90. If the price breaks below the $0.90 support level in the future, it may further decline to $0.85. The Chaikin Money Flow (CMF) shows that there is still capital inflow, indicating that whales and large holders are supporting the market; whether it can hold this bottom depends on the overall market direction 📊.
🔥 SHIB: The Shiba Inu burning frenzy, with prices soaring alongside Bitcoin.
On the other hand, the meme coin market is also bustling with activity. Recently, Shiba Inu (SHIB) experienced a massive burn—59,405,917 SHIB were transferred to an unusable wallet! Although the overall burn rate decreased by 42% compared to the previous week, the daily burn rate increased by 13.71%, indicating that the market is quietly clearing its circulating supply.
Behind the burns, the price of SHIB closely follows Bitcoin's upward momentum 📈. On Friday, SHIB rose 11.52% in a single day, reaching a peak of $0.00001350 before slightly retreating to $0.00001330. The price increase is closely related to Federal Reserve Chairman Powell's speech at Jackson Hole—markets generally expect a slight rate cut in September, which directly drove Bitcoin back up to $117,000, thereby lifting SHIB and other memecoins.
It is worth noting that SHIB's transfer and burning behaviors not only reduce circulation but also enhance the scarcity of the coin price. This change in supply and demand, combined with market sentiment, gives SHIB good potential for rising in the short term.
💎 Comparison of Two Major Hotspots: RWA vs Meme
ONDO: Following an institutional route, representing the trend of real asset tokenization. With a large asset scale, whale participation, and active on-chain activity, but the price may be under short-term pressure; maintaining support is key.
SHIB: A community and retail-driven memecoin, burning tokens decreases circulation, prices follow Bitcoin's rise, short-term volatility is high, but potential still exists.
It can be seen that the crypto circle is forming a dual market pattern: one side is the stable layout of real asset tokenization, and the other is the emotion-driven surge of memecoins. Investors who understand how to utilize these two trends may seize the biggest market opportunities.
🔮 Summary and Operational Ideas
ONDO: Pay attention to whether the price holds the support level of $0.90. On-chain whale accumulation is a positive sign, but the bearish pattern cannot be ignored. In the medium to long term, the trend of RWA tokenization remains strong.
SHIB: Token burning and its correlation with Bitcoin bring short-term opportunities. Just pay attention to the burning data and BTC market conditions.
Market Strategy: Institutional trends + community enthusiasm; a combined layout may be more stable than a single bet. Setting stop-losses and reasonable positions are still key factors 💡.
In summary: ONDO and SHIB each have their styles; the former is institution-driven and seeks stability, while the latter is community-driven and active in the short term; grasping the rhythm, opportunities are right in front of you!
💬 Crypto Circle Reminder: The funding aspect, technical analysis, and macro news are equally important. There are many short-term opportunities, but they come with high volatility. A steady approach is the key to long-term success. Don't let the surge cloud your judgment; proper risk control is essential to laugh last. 😉
✍️ Remember to DYOR, manage your risks, and wish everyone a successful journey in the crypto circle! 🌊
Many people understand the trends, but few follow the right rhythm.
Like 👍, share, follow me, and I'll help you catch more market opportunities and enjoy the ups and downs of the bull and bear markets together! Let's keep pushing forward!
In the current market environment, short-term operations are indeed necessary. If you keep waiting for spot prices to recover, it might feel like torture. I have also been actively engaging in secondary short-term operations and primary dog tokens recently, achieving good results. If you want to join, feel free to follow me!
