Ondo

2024

World

Rise

<a href="https://bitcoinworld.co.in/whales-accumulating-hot-real-world-asset-altcoin-from-crypto-exchanges-lookonchain/" title="Whales Accumulating Hot Real World Asset Altcoin From Crypto Exchanges: Lookonchain" rel="nofollow"></a>
According to Lookonchain, whales are accumulating red-hot crypto projects that are focused on tokenizing real world assets (RWAs). 
The crypto tracker Lookonchain <a href="https://twitter.com/lookonchain/status/1772087531619959076">notes</a> that one whale withdrew 6.53 million ONDO, the native token of Ondo Finance, from the crypto exchange Bybit over the past month. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Whales are accumulating <a href="https://twitter.com/hashtag/RWA?src=hash&amp;ref_src=twsrc%5Etfw">#RWA</a> token <a href="https://twitter.com/search?q=%24ONDO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ONDO</a>! 
 Whale"0x56F9" withdrew 6.53M <a href="https://twitter.com/search?q=%24ONDO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ONDO</a>($5.88M) from <a href="https://twitter.com/hashtag/Bybit?src=hash&amp;ref_src=twsrc%5Etfw">#Bybit</a> in the past month. 
 Fresh wallet"0x92dD" withdrew 1.98M <a href="https://twitter.com/search?q=%24ONDO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ONDO</a>($1.78M) from <a href="https://twitter.com/hashtag/Gateio?src=hash&amp;ref_src=twsrc%5Etfw">#Gateio</a> in the past hour. 
 Wallet"0xE6bf" withdrew 937,600 <a href="https://twitter.com/search?q=%24ONDO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ONDO</a>($845K) from <a href="https://twitter.com/hashtag/Gateio?src=hash&amp;ref_src=twsrc%5Etfw">#Gateio</a> 3 hours ago. 
 Address:… <a href="https://t.co/o5jWqhresp">pic.twitter.com/o5jWqhresp</a> 
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1772087531619959076?ref_src=twsrc%5Etfw">March 25, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
That trove is worth more than $6 million. 
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. 
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. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/panasonic-established-a-partnership-with-jasmy-triggering-a-sudden-rise-in-price/" aria-label="“Panasonic Established A Partnership With JASMY, Triggering A Sudden Rise In Price” (Edit)">Panasonic Established A Partnership With JASMY, Triggering A Sudden Rise In Price</a> 
A third whale also withdrew 937,600 ONDO worth $864,867 from Gate.io a few hours before that, according to the blockchain tracker. 
ONDO is trading at $0.922 at time of writing.&nbsp; 
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.&nbsp; 
The token also set a new all-time high of $0.9702 early Monday morning, according to Coinstats. 
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.&nbsp; 
The whale then made moves to buy back into the second-ranked crypto asset after its price went up. 
According to lookonchain,&nbsp; 
“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.” 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
#Binance #WRITE2EARN 
The post <a href="https://bitcoinworld.co.in/whales-accumulating-hot-real-world-asset-altcoin-from-crypto-exchanges-lookonchain/">Whales Accumulating Hot Real World Asset Altcoin From Crypto Exchanges: Lookonchain</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

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

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