Ethereum

Ondo

World

<div class="dailyhodl"> 
 <p>Whales are gobbling up a red-hot crypto project that’s focused on tokenizing real-world assets (RWAs).</p> 
 <p>The crypto tracker Lookonchain notes that one whale withdrew 6.53 million ONDO, the native token of Ondo Finance, from the crypto exchange Bybit over the past month.</p> 
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">    
 </div> 
 <p>That trove is worth more than $6 million.</p> 
 <p>Ondo Finance aims to provide institutional-grade financial products and services via a public blockchain by tokenizing RWAs and developing financial protocols that integrate those tokens.</p> 
 <p>Lookonchain also notes that a different whale withdrew 1.98 million ONDO worth nearly $1.83 million from the crypto exchange Gate.io over a one-hour period on Sunday.</p> 
 <p>A third whale also withdrew 937,600 ONDO worth $864,867 from Gate.io a few hours before that, according to the blockchain tracker.</p> 
 <p>ONDO is trading at $0.922 at time of writing. The 91st-ranked crypto asset by market cap is up more than 8% in the past 24 hours and nearly 124% in the past week. The token also set a new all-time high of $0.9702 early Monday morning, according to CoinGecko.</p> 
 <p>Lookonchain also notes that a whale deposited 11,275 Ethereum (ETH) worth $37.4 million to the top crypto exchange Binance at a loss of approximately $500,000 over the weekend. The whale then made moves to buy back into the second-ranked crypto asset after its price went up.</p> 
 <p>Explains the blockchain tracker,</p> 
 <p><em>“As the price of ETH increased, he withdrew 9,092 ETH ($31.7 million) from Binance… and borrowed 18 million USDT to buy more ETH.”</em></p> 
</div>
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/whales-accumulating-hot-real-world-asset-focused-altcoin-from-crypto-exchanges-lookonchain-tbt83628.html">https://thebittimes.com/whales-accumulating-hot-real-world-asset-focused-altcoin-from-crypto-exchanges-lookonchain-tbt83628.html</a></p>

Whales Accumulating Hot Real World Asset-Focused Altcoin From Crypto Exchanges: Lookonchain

TheBitTimes

Other articles published on Mar 26, 2024

The Next Crypto Kings: Memecoin (MEME), Polygon (MATIC) and InQubeta (QUBE) – Altcoins to Watch F...

$FLOKI and $GFOX Lead Meme Recovery After Major Sell-Off

Solana Whales Shift Focus From BOME To New Meme Coin MEW

Expert Forecasts 700% Surge for Bitgert Coin After 70% Month-Long Rise

Banking On Fantom (FTM)? Experts Say Memecoin KangaMoon (KANG), and Solana (SOL) Will Last a Life...

US lawmakers demand SEC clarify position on Prometheum’s plans for Ether

Join our free newsletter for daily crypto updates!