The Ondo Finance token stood out yesterday, June 2, as it drew capital away from a declining market and jumped almost 30% to reach an intraday high of $0.42 before settling at about $0.4175.
This move was even more notable because both Bitcoin and the BTC market dominance dropped at the same time. Liquidity shifted into a small group of altcoins, including privacy and AI tokens such as Worldcoin (WLD), Zcash (ZEC), Hyperliquid (HYPE), Near Protocol (NEAR), and Ondo Finance (ONDO), as market connections became looser.
Ondo Finance to Launch Perps on June 9
There is a fundamental reason for the ONDO token price. Ondo Perps, a platform that lets non-US traders access tokenized equities around the clock with up to 20x leverage, is launching on June 9. The official X post featured app-style icons for major assets, including NVIDIA, Apple, Microsoft, gold (Au), silver (Ag), Tesla, Amazon, Meta, Google, Intel, and AMD.
This new product moves Ondo Finance (ONDO) beyond tokenized treasuries and into equities. It positions the token as a utility asset with immediate demand, not just a passive real-world asset holding. That’s why buyers showed interest even as the wider market struggled.
On-chain data from RWA.xyz also supports this. Monthly transfer volume rose 71.37% to $3.78 billion, RWA holders increased 31.14% to 125,708, and monthly active addresses hit 63,806. The value of distributed assets climbed 5.72% to $3.90 billion across 266 assets, and the stablecoin market cap grew 11.76% to $70.69 million.
ONDO Price Coils Beneath Key $0.45 Ceiling
For three months, the ONDO Finance token traded between $0.24 and $0.29. It broke out in May and has since held higher lows around $0.34 to $0.35, but it keeps getting pushed back from the $0.43 to $0.45 range.
Weekly moving averages show a mixed picture. Short-term EMAs, SMAs, and the VWMA(20) suggest buying, while the Ichimoku baseline is neutral at 0.36086. The 50- and 100-period lines, between $0.50 and $0.77, signal selling. The token is strong compared to its base but still weak compared to last year’s highs.
If ONDO closes above $0.45 with momentum, it could move up to $0.50, $0.55, and $0.60. If it fails, however, the Ondo Finance price may drop to $0.39, then $0.35. A close below $0.34 would cancel out the May breakout. Any ONDO price prediction depends on this level.
Looking at the bigger picture, Ondo Finance is up 45.06% this month, 16.30% for the year so far, and 2.89% this week. However, it is still down 15.11% over six months, 51.06% over the year, and just 38.94% above its all-time starting price.
Right now, the Ondo coin is trading in a range but showing signs of improvement. Pressure is building below resistance, and June 9 could be the day that triggers a breakout.
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