ONDO Surges on $55M Institutional Buy: Can Bulls Trigger Next Breakout?

The ONDO token has regained attention in the real-world asset sector after institutional investors significantly increased their exposure to the token.

A $55 million ONDO purchase by 21Shares coincided with improving market structure, bringing the cryptocurrency within striking distance of a critical breakout level.

According to blockchain data, 21Shares purchased 12.776 million ONDO tokens from OKX, valuing them at approximately $55.14 million.

The acquisition ranks among the largest institutional ONDO purchases in recent weeks and highlights continued confidence from traditional investment firms in the tokenisation market.