ONDO price is trading flat today, up a marginal 1.47% over the last 24 hours to reach $0.3434. This consolidation follows a difficult week in which the asset shed 14.40% of its value, trading within a daily range of $0.3252 to $0.3483. Trading volume has ticked up by 9.8% to $78.85 million as the market digests a major ecosystem expansion on Solana and aggressive whale buying activity.
Ondo Finance Launches 200+ Tokenized U.S. Stocks on Solana
The protocol’s fundamental footprint expanded significantly on January 21 with the launch of Ondo Global Markets on Solana, introducing over 200 tokenized U.S. equities and ETFs.
Assets including Apple, Microsoft, and the SPY ETF are now available for on-chain trading via Jupiter Exchange, offering tokens backed 1:1 by holdings at U.S. broker-dealers.
This move solidifies the protocol’s position as a dominant Real World Asset (RWA) provider, where it currently commands 65% of the Solana RWA market share with $248 million in network-specific TVL.
While the platform allows permissionless liquidity outside traditional hours, minting remains restricted to market hours and to non-U.S. persons. Analysts noted that this shift turns DeFi into functional infrastructure, a sentiment supported by the protocol’s total value locked (TVL), which recently surpassed $2 billion.
ONDO Price Finds Support as Whales Absorb Selling Pressure
On-chain data highlights a sharp divergence between institutional-grade accumulation and technical momentum. Arkham identified a new wallet, 0xFFE, that withdrew 41.87 million ONDO, valued at approximately $14.34 million, from Coinbase just 20 hours ago.
This institutional-sized appetite is echoed by CryptoQuant data, which shows “Big Whale Orders” consistently absorbing supply as the price finds a floor near $0.34.
However, the broader technical outlook remains heavy. TradingView’s indicator summary suggests a “Strong Sell” bias, driven largely by moving averages. The asset currently trades below its 10-day, 20-day, and 50-day EMAs, with the 200-day SMA at $0.7337 acting as a distant overhead resistance.
Momentum indicators provide a more nuanced view of the current pause. The RSI (14) at 58.65 sits in neutral territory, while the Stochastic RSI at 16.83 has triggered a buy signal for some tactical traders.
Commodity Channel Index (20) and Momentum (10) also suggest a potential short-term floor, though the MACD Level remains in a sell posture. Price action on the 1-hour chart shows ONDO struggling to break through the Ichimoku Cloud, with the baseline at $0.3968 serving as the immediate hurdle for any recovery.
While whale accumulation provides a fundamental cushion, the price remains 83.94% below its December 2024 high of $2.14, leaving the trend structure firmly in a consolidation phase.
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