$ONDO Increase 18%: Is the Jump Driven by Good News or the Start of a New Trend?
ONDO rose by about 18% from $0.31 to $0.37 during 14–16/7, after it announced the launch of tokenized stock backed by DTCC infrastructure, along with a cooperation relationship with SBI Group to promote tokenized assets.
However, what’s notable is not only the price increase, but also the agreement across on-chain data.
🔶 New capital is truly joining in
According to the chart:
- New wallet addresses increased continuously from 367 → 562 → 754, marking the highest level in July and nearly double the pace from early month.
- Daily active addresses also surged from 1,410 → 1,971 → 2,589, the highest level since the end of June.
This indicates not only that existing ONDO holders are becoming more active, but also that additional new users are entering the ecosystem.
🔶 The price increase is supported by network activity
- Typically, rallies driven by positive news tend to weaken quickly once the media effect fades.
- However, with ONDO, the price rise coincided with the continued climb in both the number of new wallets and active addresses over multiple consecutive days.
- This difference gives the current rally a more solid foundation than spikes that rely solely on market sentiment.
News may be the initial catalyst, but new on-chain data is the confirmation factor.
If the number of new wallets and active addresses continues to stay high in the coming days, it will suggest that capital and new users are still flowing into the ecosystem (HST).
ONDO rose by about 18% from $0.31 to $0.37 during 14–16/7, after it announced the launch of tokenized stock backed by DTCC infrastructure, along with a cooperation relationship with SBI Group to promote tokenized assets.
However, what’s notable is not only the price increase, but also the agreement across on-chain data.
🔶 New capital is truly joining in
According to the chart:
- New wallet addresses increased continuously from 367 → 562 → 754, marking the highest level in July and nearly double the pace from early month.
- Daily active addresses also surged from 1,410 → 1,971 → 2,589, the highest level since the end of June.
This indicates not only that existing ONDO holders are becoming more active, but also that additional new users are entering the ecosystem.
🔶 The price increase is supported by network activity
- Typically, rallies driven by positive news tend to weaken quickly once the media effect fades.
- However, with ONDO, the price rise coincided with the continued climb in both the number of new wallets and active addresses over multiple consecutive days.
- This difference gives the current rally a more solid foundation than spikes that rely solely on market sentiment.
News may be the initial catalyst, but new on-chain data is the confirmation factor.
If the number of new wallets and active addresses continues to stay high in the coming days, it will suggest that capital and new users are still flowing into the ecosystem (HST).