ONDO’s price shot up over 10% today, making it one of the best performers in the market. Trading has picked up too – the volume is up 151% as more people buy and sell. Adding to the upward push, Lookonchain spotted a big purchase that is helping drive the price higher.
Lookonchain revealed on X (formerly Twitter) that World Liberty, a platform tied to Trump’s World Liberty Financial Initiative, purchased 134,216 ONDO tokens for $250,000 USDC. The purchase price per token stood at $1.86.
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This significant acquisition comes amid a broader buying spree by World Liberty, which includes investments in other cryptocurrencies like Ethereum (ETH), Chainlink (LINK), Aave (AAVE), and ENA.
Since November 30, World Liberty has allocated substantial capital across the crypto market, including $30 million for 8,105 ETH and $2 million for 78,387 LINK tokens. The recent ONDO purchase highlights the growing institutional interest in the Real-World Assets (RWA) narrative, where ONDO remains a key player.
What you'll learn 👉
ONDO Technical Analysis: Breakout Points Toward Bullish Continuation
ONDO’s price is showing strong bullish momentum. After a prolonged consolidation period, the token recently broke through a major resistance level, turning it into a new support zone around $0.45 to $0.50. This breakout has been followed by sustained upward momentum, reinforcing ONDO’s bullish trend.
The chart analysis identifies key resistance targets at $1.00 and $2.00. The ongoing upward trend is supported by higher lows, indicating robust buying interest. The structure suggests ONDO may continue its parabolic move, with $2.00 acting as the next psychological target.
Image Source: X/SjuulAltCryptoGems
Social Sentiment and Influencer Comments Add to Momentum
Popular analyst Sjuul from AltCryptoGems has repeatedly emphasized ONDO’s potential. In a tweet, Sjuul stated that $2.00 for ONDO was “programmed” and reiterated ONDO’s leadership in the RWA sector. The influencer also humorously referenced institutional adoption by saying, “The President of the United States is buying too.” While speculative, such statements amplify ONDO’s visibility and further fuel investor sentiment.
The combination of technical strength, institutional activity, and social engagement underpins ONDO’s price surge. With rising trading volume and bullish momentum, ONDO remains a focal point for traders in the market today.
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