Ondo

Elite

Million

The Graph

Spot

<p>ONDO, a tokenized real-world asset (RWA) token, has experienced a remarkable 19.23% price increase in the last 24 hours. The token is currently trading at $0.9145, with a 24-hour low and high of $0.7567 and $0.9744, respectively.</p><p>This impressive performance has propelled ONDO’s market capitalization to $1,270,964,418, ranking it 85th among all cryptocurrencies. The recent surge also pushed to hit its all-time high.</p><figure class="wp-block-image size-large"><img width="1024" height="90" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1129-1024x90.png" alt="" class="wp-image-459541"></figure><h2 class="wp-block-heading" id="ondo-s-role-in-democratizing-access-to-institutional-grade-finance">Ondo’s Role in Democratizing Access to Institutional-Grade Finance</h2><p>The Ondo DAO entrusts its mission to democratize access to institutional-grade finance to its ONDO token holders, who play a crucial role in shaping its future. The Ondo DAO grants specific rights to ONDO holders regarding Flux Finance, a platform under its current governance.</p><p>By holding and participating in the governance of ONDO, investors can actively contribute to the development and growth of the Ondo ecosystem, which aims to bridge the gap between traditional finance and the world of cryptocurrencies.</p><h2 class="wp-block-heading" id="blackrock-s-move-fuels-real-world-assets-narrative">BlackRock’s Move Fuels Real-World Assets Narrative</h2><p>BlackRock’s launch of the first tokenized fund has sparked growing interest in real-world assets (RWA), contributing to the recent surge in ONDO’s price. This move by the world’s largest asset management company signals that market money could soon be moving into RWA, further fueling the narrative around tokenized real-world assets.</p><p>As a result of this increasing attention, ONDO has seen a staggering 92% price increase over the last seven days, highlighting the market’s enthusiasm for the RWA sector.</p><h2 class="wp-block-heading" id="on-chain-analysis-reveals-significant-accumulation">On-Chain Analysis Reveals Significant Accumulation</h2><p>A recent report by Spot On Chain has shed light on the accumulation patterns of ONDO tokens. The analysis reveals that 11 first-time accumulators withdrew a total of 52.62 million ONDO tokens, worth approximately $36.9 million, from centralized exchanges (CEX) in the past three days.</p><figure class="wp-block-image size-large"><img width="1024" height="962" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1130-1024x962.png" alt="" class="wp-image-459549"></figure><div class="wp-block-rehub-colortitlebox rh-colortitlebox"><div class="rh-colortitle-inbox"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon"></i><div class="rh-colortitle-inbox-label"> Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley"></div></div><div class="rh-colortitlebox-text"><div class="wp-block-rehub-contenttoggler rh-contenttoggler"><div class="rh-toggler-wrapper"><p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p><span class="rh-tgl-trigger"><span class="rh-tgl-show">Show more +</span><span class="rh-tgl-hide">Show less –</span></span><span class="rh-tgl-grad"></span></div></div></div></div><h3 class="wp-block-heading" id="ten-fresh-wallets-withdraw-49-7m-ondo-from-coinbase">Ten Fresh Wallets Withdraw 49.7M ONDO from Coinbase</h3><p>According to the report, ten fresh wallets withdrew 49.7 million ONDO tokens, valued at $36.9 million, from Coinbase at an average price of $0.743 on March 22, 2024. Interestingly, the Ondo Finance multisign wallet (0x677) deposited 49.9 million ONDO to Coinbase just 10 minutes before the withdrawals, suggesting a potential OTC deal.</p><p>Currently, these ten wallets still hold all 49.7 million ONDO tokens, which are now worth $46.7 million, representing a 26.6% increase in value.</p><h3 class="wp-block-heading" id="two-additional-wallets-accumulate-ondo-from-gate-io">Two Additional Wallets Accumulate ONDO from Gate.io</h3><p>Spot On Chain has identified two other wallets as first-time accumulators, in addition to the ten wallets that withdrew ONDO from Coinbase. Wallet 0x92d withdrew 1.98 million ONDO, worth $1.74 million, from Gate.io at an average price of $0.880, realizing a 6.32% gain. Similarly, wallet 0xe6b withdrew 937,600 ONDO, worth $790,000, from Gate.io at an average price of $0.842, resulting in a 10.9% increase in value.</p><figure class="wp-block-image size-large"><img width="1024" height="625" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1131-1024x625.png" alt="" class="wp-image-459557"></figure><p>First-time buyers’ significant accumulation and the recent surge in Ondo’s price underscore the growing interest in tokenized real-world assets. We expect the RWA narrative to gain further traction as major players like BlackRock continue to explore this sector, potentially leading to increased adoption and value appreciation for tokens like ONDO.</p><p>You may also be interested in:</p><ul><li><a href="https://captainaltcoin.com/is-the-solana-era-ending-elite-analyst-bets-on-coinbases-layer-2-ecosystem-heres-his-outlook/" rel="noopener noreferrer nofollow">Is the Solana Era Ending? Elite Analyst Bets on Coinbase’s Layer 2 Ecosystem – Here’s His Outlook</a></li><li><a href="https://captainaltcoin.com/stacks-stx-price-eyes-4-following-30-pump-while-the-graph-grt-consolidates-heres-why/" rel="noopener noreferrer nofollow">Stacks (STX) Price Eyes $4 Following 30% Pump While The Graph (GRT) Consolidates – Here’s Why</a></li><li><a href="https://captainaltcoin.com/the-2024-launchpad-token-outlook-bull-run-investment-strategy/" rel="noopener noreferrer nofollow">The 2024 Launchpad Token Outlook: Bull Run Investment Strategy</a></li></ul><div class="bigofferblock margincenter mb30 pt20 pl20 pr20 "><div class="col_wrap_two mb0"><div class="offerbox_big_wrap flowhidden"><div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" rel="noopener noreferrer nofollow"><img class="lazyload" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"></a></div><div class="product-summary col_item mobileblockdisplay"><h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" rel="noopener noreferrer nofollow"><span>Check NuggetRush ($NUGX)</span></a></h3><div class="rev_disclaimer font70 greencolor lineheight15 mb20"> Sponsored: Invest Responsibly, Do Your Own Research. </div><div class="buttons_col mb25 rh_big_btn_inline"><div class="priced_block clearfix"><div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" rel="noopener noreferrer nofollow"> Buy NUGX Today </a></div></div></div><div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i><strong>NFT</strong> Integration with Prominent Characters </div></div></div></div></div><p>The post <a href="https://captainaltcoin.com/ondo-finance-allegedly-distributes-49-7-million-to-fresh-wallets-as-ondo-hits-new-all-time-high/" rel="noopener noreferrer nofollow">Ondo Finance Allegedly Distributes 49.7 Million To Fresh Wallets As ONDO Hits New All-Time High</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ondo Finance Allegedly Distributes 49.7 Million To Fresh Wallets As ONDO Hits New All-Time High

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