ONDO, on the order book, trades around three billion dollars on the plate; only 1.6 million dollars in volume per day, and the price is up 13% today. The order book is this thin, yet they can still push it up—it's relying on lots of small, scattered orders.
The RWA theme has been talked about for a long time. If there really were big money认可, the order book wouldn’t be this thin. I’ve seen many markets like this—large market cap but low trading volume. The sell walls are sparse, and when it comes to a pullback, they don’t hold back at all; a single slightly larger sell order can knock the price down by several percentage points.
The RWA theme has been talked about for a long time. If there really were big money认可, the order book wouldn’t be this thin. I’ve seen many markets like this—large market cap but low trading volume. The sell walls are sparse, and when it comes to a pullback, they don’t hold back at all; a single slightly larger sell order can knock the price down by several percentage points.
