ONDO Sees Surge in Leveraged Bets as Price Targets $0.45

ONDO Finance's altcoin has made significant gains in recent days, rebounding from a $0.37 slip and touching a local high of $0.41.

The altcoin is currently trading around $0.406 after rising by 5.6% on the daily charts, with its trading volume surging by 55% to $123 million.

Traders are showing a high-risk appetite for ONDO, with Futures volume at $285 million while Spot volume lags behind at $64.6 million, indicating a significant gap between leveraged bets and traditional buying.

This has led to increased demand for leveraged positions, with the altcoin's derivatives volume surging 59% to $288 million and Open Interest rising 6% to $204 million.