๐ย Whales Accumulate ONDO Amid a RWA Tokens Buying Frenzyย ๐
ONDO, one of the RWA tokens, is attracting huge attention. The price of ONDO rose to a new all-time high of $0.9702 on Monday, March 25. Intraday gains were 15%, while Ondo Finance has surged more than 88% this past week and over 116% in the last 30 days. ๐
The real-world-assets (RWAs) space is one of the hottest Crypto segments today, with multiple projects in the sector rallying amid an unprecedented surge in interest and investment. ๐
Whales or large investors have aggressively looked to add to their positions in RWA related coins. Data shows large withdrawals of ONDO from exchanges, including 6.53 million #ONDO from Bybit last month and 2.9 million ONDO from Gateio earlier today. ๐
Ondo Finance announced the launch of Ondo Global Markets in February, aiming to bring publicly-traded securities on-chain, offering native access to traditional securities. ๐
Meanwhile, the price of Ondo recently jumped by more than 40% as the market reacted to news around BlackRockโs USD Institutional Digital Liquidity Fund. ๐ฐ
Other than ONDO, other tokens witnessing huge attention across the space are Centrifuge, Polymesh, Pendle, and TokenFi. Polymeshโs price has jumped 87% this past week, while TokenFiโs price has jumped 160%. ๐
According to data from CoinGecko, the RWA market cap has increased by more than 17% in the past 24 hours to over $6.6 billion. The 24-hour trading volume for the sector is over $1.16 billion. ๐น
Stay tuned for more updates! ๐ก #BTC