Crypto Whale invests $5.7 million in ONDO, then price surges over 9%

On-chain analytics platform Lookonchain reported that a crypto whale created a new wallet on May 16 and withdrew 1,870.68 ETH from the Gemini exchange.

The whale then used 1,870 ETH to purchase 6 million ONDO tokens.
The deal caught the attention of the crypto community, and Ondo Finance’s native token, ONDO, saw a significant price increase following the purchase.

On-chain data shows that the crypto whale purchased ONDO at an average price of $0.95. The price has raised eyebrows as some analysts believe a fair price for ONDO is between $0.40 and $0.70.

Lookonchain suspects the whale may have inside information.
Following the acquisition, ONDO’s price soared, breaking above $1 and briefly touching $1.04, approaching its all-time high of $1.05 set on March 31.

Queen As of this writing, ONDO is trading at $1.03, up 9.9% in the past 24 hours and 26.3% over the past week. Just as the Queen predicted last week, it continues to rise.

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