Crypto Whales Continue Accumulating This Trending Altcoin: 'Looking To Re-Enter' Says Trader Who Missed Out

As BlackRock dives into the world of tokenized assets, the real-world asset token Ondo Finance ONDO/USD is seeing whale interest amid rising prices.

What Happened: Lookonchain data shows that whales are going all-in on real-world asset tokens, especially Ondo Finance.

In the past month:

• One whale with the address “0x56F9” withdrew 6.53 million ONDO, worth $5.88 million, from Bybit.
• Another fresh wallet, “0x92dD,” withdrew 1.98 million tokens, valued at $1.78 million, from Gateio.
• Wallet “0xE6bf” withdrew 937,600 ONDO, worth $845,000, from Gateio.
• Another whale deposited 49.9 million ONDO, worth $36.38 million, to Coinbase at $0.729, according to Spot On Chain data
• Another 10 fresh wallets withdrew 49.7 million tokens, worth $36.9 million, from Coinbase at around $0.743.

Also Read: Blockchain Security-Focused Token HAI Rallies 50% In A Week, Betting On Asset Tokenization – Was Larry Fink Right?

Why It Matters: DigiFinex Global announced listing Ondo Finance for spot trading starting on March 25.

Based on Crypto Insights data, two of the top three cryptocurrencies rated by social engagement in the past 24 hours are two real-world asset tokens. Ondo Finance comes in third place with 8.18 million social engagements.

With Bitcoin ETF inflows breaking records, Benzinga’s Future of Digital Assets conference, scheduled for Nov. 19, will bring industry leaders and investors together to discuss the future of digital asset investments.

CoinGecko data indicates that Ondo Finance is the top-rated real-world asset token based on market capitalization and 24-hour trading volume. With a valuation of $1.3 billion, the token has seen gains of 110.6% over the past 30 days and 86.5% over the past seven days.

In the last 24 hours alone, prices have surged by 15.3%, with a trading volume of $463 million.

Pseudonymous trader Altcoin Sherpa expressed interest in re-entering the token:

$ONDO: *cries in poor as I sold the active trade part of this coin, still have spot exposure but still fucking sad I sold*

Looking to re-enter myself https://t.co/2X1JONRL6H pic.twitter.com/DUiiaXMHJY

— Altcoin Sherpa (@AltcoinSherpa) March 25, 2024

Ondo Finance is looking to position itself as one of the best-performing altcoins of this crypto bull run.

Join industry titans like Tim Draper and Jan Van Eck at Benzinga’s Future of Digital Assets conference on Nov. 19.

Read Next: Ondo Finance, Coinbase-Backed Tokenization Project Expands To Asia Pacific, Rallies Over 60% In One Week

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