- A large ONDO token price $3 billion is scheduled to hit the market on January 18, 2025.
- Over 20% of the whole unlocked tokens shall be allotted to traders.
- Early traders purchased ONDO for $0.02 and made an 80x return.
Ondo (ONDO) is one month away from its massive token unlocking occasion. If the digital asset sector and traders usually are not ready, this occasion might push digital asset costs to month-to-month lows. An enormous ONDO token price $3 billion will seem in the marketplace on January 18, 2025, with catch.
In keeping with a submit on X (previously Twitter) by Tokenomist (previously generally known as TokenUnlocks), unlocked tokens representing 135% of the circulating provide (14.37% of the whole provide) shall be break up I’m planning to take action. divide into two. Roughly 80% of the whole tokens unlocked shall be used for ecosystem progress and protocol growth, whereas the remaining 20% shall be reserved for traders.
On the time of writing, ONDO is buying and selling at $1.43, down 11.68% previously 24 hours. It has a market capitalization of $2 billion and buying and selling quantity of $498 million, in response to information from CoinMarketCap, which has surged 127% over the identical interval. The cryptocurrency is down 25.12% from its all-time excessive of $1.93, set earlier this month.
Will ONDO's value collapse?
Tokenomist highlighted that the undertaking's early backers and early traders participated at a value of $0.02 through the Sequence A funding spherical and have now made a whopping 80x return. Subsequently, the 322 million ONDO tokens (price $500 million) that had been unlocked for traders on January 18 might push the cryptocurrency decrease.
The Relative Energy Index (RSI) worth for ONDO value motion is 58.61, which implies the bulls are in command of the altcoin’s value motion and traders can anticipate the correction to finish quickly. Nonetheless, the MACD indicator is about to witness a bearish divergence. If this occurs, it might result in an extra collapse in ONDO costs.
Disclaimer: The knowledge contained on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any sort. Coin Version will not be chargeable for any losses incurred on account of the usage of the content material, merchandise, or providers talked about. We encourage our readers to conduct due diligence earlier than taking any motion associated to our firm.
