$ONDO ONDO Rises 18% on Tokenized Stock Launch, On Chain Activity Explodes, Not Just a Temporary "Price Pump"
ONDO rose from $0.31 to $0.37 (+18%) from July 14-16 after launching its tokenized stock, backed by DTCC and in partnership with Japan's SBI Group.
🔸 The number of new addresses increased sharply: 367 => 562 => 754 in 3 days, the strongest increase since June and double the rate at the beginning of July.
🔸 Active addresses also increased: 1,410 => 1,971 => 2,589 during the same period, the busiest since June 30.
🔸 Compared to LINK, which saw price increases but stagnant on-chain activity, ONDO is experiencing a breakthrough in both price and actual activity.
👉 What sets ONDO apart is the sustained on chain activity. Catalyst-driven rallies usually only last one day, but ONDO has maintained its momentum for three consecutive days with growth in both new and active addresses. This is a positive sign, indicating that Ondo's tokenization story is truly attracting new users. The partnership with SBI Group Japan opens up the Asian market, which has significant potential.
💬 Do you think ONDO can continue to rise if it maintains this growth in new addresses?
News is for reference, not investment advice. Please read carefully before making a decision.
ONDO rose from $0.31 to $0.37 (+18%) from July 14-16 after launching its tokenized stock, backed by DTCC and in partnership with Japan's SBI Group.
🔸 The number of new addresses increased sharply: 367 => 562 => 754 in 3 days, the strongest increase since June and double the rate at the beginning of July.
🔸 Active addresses also increased: 1,410 => 1,971 => 2,589 during the same period, the busiest since June 30.
🔸 Compared to LINK, which saw price increases but stagnant on-chain activity, ONDO is experiencing a breakthrough in both price and actual activity.
👉 What sets ONDO apart is the sustained on chain activity. Catalyst-driven rallies usually only last one day, but ONDO has maintained its momentum for three consecutive days with growth in both new and active addresses. This is a positive sign, indicating that Ondo's tokenization story is truly attracting new users. The partnership with SBI Group Japan opens up the Asian market, which has significant potential.
💬 Do you think ONDO can continue to rise if it maintains this growth in new addresses?
News is for reference, not investment advice. Please read carefully before making a decision.