Ondo just said it will put Anthropic shares onchain on IPO day — so why is $ONDO still sliding?
The news is strong: today's Anthropic plan follows the 5 Nov launch of BlackRock-powered Intelligent Portfolios, plus Binance relaunching tokenized stocks on Alpha with Ondo. Yet the token is down 2.7% near $0.366 on about $79M in volume, off 10.4% this week and nearly 83% below its $2.14 high, while $BTC drifts near $76,010.
The honest catch: $ONDO is governance-only for now, capturing no protocol revenue until a fee-switch vote, with a 1.71B-token unlock due in January. Good products, weak token economics.
I'm watching $0.36, just under today's low; hold it and the RWA story might get a bid, lose it and the slide grinds on. Above, traders flag $0.42 for a real turn. Does the Anthropic headline change anything for you, or does the token need the fee switch first?
#Ondo #RWA #BinanceSquare
The news is strong: today's Anthropic plan follows the 5 Nov launch of BlackRock-powered Intelligent Portfolios, plus Binance relaunching tokenized stocks on Alpha with Ondo. Yet the token is down 2.7% near $0.366 on about $79M in volume, off 10.4% this week and nearly 83% below its $2.14 high, while $BTC drifts near $76,010.
The honest catch: $ONDO is governance-only for now, capturing no protocol revenue until a fee-switch vote, with a 1.71B-token unlock due in January. Good products, weak token economics.
I'm watching $0.36, just under today's low; hold it and the RWA story might get a bid, lose it and the slide grinds on. Above, traders flag $0.42 for a real turn. Does the Anthropic headline change anything for you, or does the token need the fee switch first?
#Ondo #RWA #BinanceSquare