【83% Drop’s Core: It’s Not a Shakeout—The Market Is Waiting for an Answer】
At the end of 2018, I saw an almost identical scene.
Back then, EOS had fallen by nearly 90% from its all-time high. The community was in a frenzy of wailing—people said DeFi was a scam, that blockchain had no future. So what happened? Two years later, the DeFi summer arrived, and those who cut their losses at the bottom ended up regretting it to the point of turning their own stomachs.
Now, ONDO is in a situation that’s almost the same.
At a price of $ 0.35—down 83% from the historical high—its 24-hour rise and fall is only 1.6%, and over seven days, it’s basically the same. The market isn’t panicking; it’s waiting. Everyone is waiting for an answer—on this RWA path, can it truly be implemented?
The answer to this question will decide whether ONDO becomes the next EOS—or the next air coin.
So what is RWA’s essence? Taking traditional assets like real estate and bonds, putting them on-chain, making them tradable 7x24, lowering barriers, and increasing liquidity. Sounds great, doesn’t it? The problem is: how many real cases are actually running right now? Most are still stuck at the whitepaper and concept-proof stage.
Who will be truly affected? Let’s start with the biggest beneficiaries—cross-border trade settlement and supply-chain finance. If ONDO can win real customers here and generate real fees, then today’s price is basically bargain-basement. But if it’s still just people in the same circle playing games, then it dropping to wherever—nothing would be surprising.
Does the business logic hold up? I can’t say for sure, but I tend to believe the direction is correct; it just needs time for real implementation. The key is whether the team can produce truly customer-driven case studies—not PPT-fueled financing.
If you’re watching ONDO, are you betting that it can run in the future, or do you think the whole of RWA still needs another round of shakeout first?
At the end of 2018, I saw an almost identical scene.
Back then, EOS had fallen by nearly 90% from its all-time high. The community was in a frenzy of wailing—people said DeFi was a scam, that blockchain had no future. So what happened? Two years later, the DeFi summer arrived, and those who cut their losses at the bottom ended up regretting it to the point of turning their own stomachs.
Now, ONDO is in a situation that’s almost the same.
At a price of $ 0.35—down 83% from the historical high—its 24-hour rise and fall is only 1.6%, and over seven days, it’s basically the same. The market isn’t panicking; it’s waiting. Everyone is waiting for an answer—on this RWA path, can it truly be implemented?
The answer to this question will decide whether ONDO becomes the next EOS—or the next air coin.
So what is RWA’s essence? Taking traditional assets like real estate and bonds, putting them on-chain, making them tradable 7x24, lowering barriers, and increasing liquidity. Sounds great, doesn’t it? The problem is: how many real cases are actually running right now? Most are still stuck at the whitepaper and concept-proof stage.
Who will be truly affected? Let’s start with the biggest beneficiaries—cross-border trade settlement and supply-chain finance. If ONDO can win real customers here and generate real fees, then today’s price is basically bargain-basement. But if it’s still just people in the same circle playing games, then it dropping to wherever—nothing would be surprising.
Does the business logic hold up? I can’t say for sure, but I tend to believe the direction is correct; it just needs time for real implementation. The key is whether the team can produce truly customer-driven case studies—not PPT-fueled financing.
If you’re watching ONDO, are you betting that it can run in the future, or do you think the whole of RWA still needs another round of shakeout first?