Crypto
Ondo Token Soars 13.3% as Unique Holders Reach 150,000
Ondo Finance's ONDO token has seen a significant surge in value, rising 13.3% over the past week to $0.3692.
This growth coincides with the platform surpassing 150,000 unique holders less than 12 months after its launch.
The Ondo network has also recorded 292,000 positions across tokenised stocks and exchange-traded funds (ETFs).
Analyst LAR attributed the recent price rebound to a limit order that caught the latest price dip, citing renewed bullish momentum.
The growth in Ondo's market capitalisation highlights increasing interest in tokenised real-world assets, which bring traditional financial products onto blockchain networks.