The ONDO price has surged over 5.6% in the past 24 hours, defying a broader market downturn that saw major cryptocurrencies lose significant value. While Bitcoin dipped below $97,000 and altcoins like Ethereum, XRP, and Solana faced steep declines, Ondo Finance emerged as a standout performer. This rally follows strong buying signals from whale investors and institutional-grade accumulation, particularly from a newly created wallet that invested $17.14 million in a single transaction.
At the start of the trading day, ONDO hovered around $1.53 before dropping to a low of $1.38 amid market-wide panic. However, bullish momentum quickly returned, pushing the price to a 24-hour high of $1.68. As of now, ONDO is consolidating near $1.60, showing resilience and renewed investor confidence.
Whale Activity Fuels ONDO’s Momentum
One of the most compelling catalysts behind ONDO’s rebound is the surge in whale activity. On-chain analytics platform SpotOnChain revealed that a crypto whale recently created a new wallet and used 4,611 ETH—worth approximately $17.14 million—to purchase 10.978 million ONDO tokens at an average price of $1.553 during the market dip.
Massive $ONDO purchase detected!
This whale created a new wallet 11 hours ago and has since spent 4,611 [$ETH](https://twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw) ($17.1M) to buy 10.978M [$ONDO](https://twitter.com/search?q=%24ONDO&src=ctag&ref_src=twsrc%5Etfw) at an average price of $1.553 during the market crash.
This strategic accumulation during a correction suggests strong conviction in Ondo Finance’s long-term value. Whales often act as early indicators of market sentiment shifts, and their timing—buying at lows—signals potential upside ahead.
👉 Discover how smart money moves during market dips and what it means for your portfolio.
Exchange Accumulation Adds to Bullish Case
Whale activity isn't the only driver—exchange-level accumulation is also intensifying. Upbit, South Korea’s largest cryptocurrency exchange, has been steadily increasing its ONDO holdings since July. From an initial 50 million tokens, Upbit’s position grew to 185 million by November, representing 1.86% of total supply.
Recent data shows this trend accelerating. Upbit has now increased its stake to approximately 2.1163% of the total ONDO supply, actively buying during price dips.
🚨 WHILE YOU’RE PANICKING, UPBIT IS BUYING THE $Ondo DIP
They now own 2.1163% of all $Ondo 🚀
Such institutional-grade accumulation is a strong vote of confidence. Exchanges typically don’t accumulate assets without strategic intent—whether for listing support, staking programs, or long-term investment. This behavior further reinforces the bullish narrative around ONDO.
Technical Indicators Suggest Further Upside
Despite the recent rally, ONDO is still trading 16.33% below its all-time high of $1.93, reached on December 4, 2024. With current price action stabilizing around $1.60–$1.62 and positive technical signals emerging, the path to new highs appears increasingly viable.
The Bull Bear Power indicator on TradingView currently shows a “Buy” signal, indicating that buyers have regained control of the market. Meanwhile, the Relative Strength Index (RSI) sits at 65.13—approaching overbought territory but not yet signaling exhaustion. This suggests there's still room for upward movement before a potential pullback.
Key Levels to Watch
- Immediate Resistance: $1.75 – A break above this level could trigger short-term bullish momentum.
- Primary Target: $1.93 – Reclaiming the all-time high would confirm renewed strength.
- Next Resistance Zone: $2.20–$2.30 – A breakout beyond $1.93 could open the door for a 15–20% rally.
- Support Level: $1.50 – Aligned with the 20-period Volume-Weighted Moving Average (VWMA), this zone offers strong downside protection.
If ONDO sustains momentum and trading volume continues to climb, surpassing $1.93 could lead to accelerated buying pressure, especially if broader market conditions stabilize.
👉 See how real-time on-chain data can help you anticipate price movements before they happen.
FAQ: Understanding ONDO’s Surge
Q: Why is ONDO rising while other cryptos are falling?
A: ONDO’s rise is driven by strategic accumulation from whales and exchanges like Upbit during the market dip. This “buy the dip” behavior reflects strong confidence in Ondo Finance’s fundamentals and future growth potential.
Q: What is Ondo Finance used for?
A: Ondo Finance focuses on decentralized finance (DeFi) solutions, particularly in tokenized real-world assets (RWA). Its ecosystem enables investors to access yield-bearing financial instruments backed by tangible assets like bonds and treasuries.
Q: Is ONDO a good long-term investment?
A: Based on growing institutional interest, strong on-chain activity, and expanding use cases in RWA, ONDO shows promise as a long-term hold—especially if adoption in tokenized assets continues to grow.
Q: How does whale activity affect cryptocurrency prices?
A: Whales can significantly influence prices due to the large size of their transactions. When whales buy during dips, it often signals confidence and can trigger follow-up buying from retail investors.
Q: Could ONDO reach $2?
A: Yes—while currently below its all-time high of $1.93, sustained buying pressure and favorable market conditions could push ONDO past $2 within the next few months.
What’s Next for ONDO?
The convergence of whale accumulation, exchange buying, and positive technical indicators paints an optimistic picture for ONDO’s near-term trajectory. The cryptocurrency is well-positioned to reclaim its all-time high of $1.93, with potential extension toward $2.20–$2.30 if momentum holds.
Beyond price targets, the bigger story lies in Ondo Finance’s role in the growing real-world asset (RWA) sector—a space attracting increasing attention from traditional finance institutions. As more assets become tokenized on blockchain platforms, projects like ONDO could play a pivotal role in bridging DeFi with mainstream finance.
Market corrections often create opportunities for informed investors. While others panic-sell, entities like whales and major exchanges are stepping in—accumulating positions at discounted prices.
👉 Learn how to spot early accumulation trends and position yourself ahead of the next rally.
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