Altcoins News

Story: Whale’s $6.25M Bet on ONDO: Impact on Price Movement

By Steven Anderson

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Whale's Move Creates Buzz in ONDO Market. The whale's purchase of $5.34 million DAI worth of ONDO at an average price of $1.

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Key Price Levels and Market Sentiment. Ondo has been trading within a descending channel since January 2025.

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Liquidation Pressure and Bearish Sentiment. Despite the positive price action in the last 24 hours, the liquidation data suggests there is…

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Whale’s Investment: A Risky Bet?. The whale’s $6.25 million investment into ONDO could be a bold move, but it’s not without risks.

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Ondo (ONDO) has experienced significant attention after a major whale made waves in the market by acquiring $5.34 million worth of ONDO. This move follows the whale's loss of $14.

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The whale's purchase of $5.34 million DAI worth of ONDO at an average price of $1.17 signals a growing interest in the token. At the time of writing, ONDO has increased by 10.

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Additionally, there has been a notable 27.05% increase in zero-balance addresses, indicating a higher level of engagement from users who are not yet holding substantial amounts…

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Ondo has been trading within a descending channel since January 2025. The price has faced resistance at $1.25 and support around $1.00. As of now, ONDO is trading at $1.

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The sentiment of ONDO holders is mostly positive, with approximately 79% of addresses being "in the money" and holding tokens purchased below $1.12.

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Despite the positive price action in the last 24 hours, the liquidation data suggests there is some bearish sentiment in the market. Open Interest (OI) has increased by 13.

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For now, the market is at a crucial juncture, with traders looking closely at key levels. If ONDO can break through the $1.25 resistance, the next targets could be $1.50 and $1.80.

The Currency Analytics

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