- An enormous $3 billion price of ONDO tokens are anticipated to hit the market on January 18, 2025.
- Greater than 20% of the overall tokens unlocked will likely be allotted to buyers.
- Early buyers purchased ONDO at $0.02 and profited 80x.
Ondo (ONDO) is only a month away from an enormous token unlock occasion. This occasion may push the worth of the digital asset to its lowest month if the digital asset business and buyers aren’t prepared. An enormous $3 billion price of ONDO tokens will hit the market on January 18, 2025, however with a socket.
Based on a put up on X (previously Twitter) by Tokenomist (previously TokenUnlocks), the unlocked tokens, representing 135% of the circulating provide (14.37% of the overall provide), will likely be divided in two. Round 80% of the overall tokens unlocked will likely be devoted to ecosystem progress and protocol growth, whereas the remaining 20% will likely be reserved for buyers.
On the time of writing, ONDO is buying and selling at $1.43, down 11.68% within the final 24 hours. It has a market capitalization of $2 billion and a buying and selling quantity of $498 million, which jumped 127% throughout the identical interval, in accordance with information from CoinMarketCap. The cryptocurrency is down 25.12% from its all-time excessive of $1.93 seen earlier this month.
Will ONDO Worth Crash?
Tokenomist highlighted that the venture's early backers and preliminary buyers entered at a worth of $0.02 through the Collection A funding spherical and have now made income of as much as 80x. Thus, the 322 million ONDO tokens (price $500 million) unlocked for buyers on January 18 may trigger the cryptocurrency to say no.
The relative energy index (RSI) for ONDO worth motion signifies a price of 58.61, which signifies that the bulls are in command of the altcoin worth motion and buyers can count on this that the correction ends quickly. Nonetheless, the MACD indicator is about to witness a bearish divergence which, if it happens, may result in one other crash in ONDO worth.
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