Analyst Sarosh shared a detailed breakdown of ONDO’s current market conditions, highlighting a major disconnect between the token’s price action and the underlying infrastructure being built behind the scenes. According to him, ONDO’s recent weakness has more to do with macro pressures than project fundamentals, and he argues that the long-term setup resembles early stages seen in past infrastructure tokens such as LINK, SOL, ETH, AVAX, and even BNB.
Sarosh’s main point is that many of the strongest base-layer and infrastructure plays in crypto spent long periods looking “dead” to retail investors before entering their vertical phases. He believes ONDO is showing that same pattern today: sentiment is low, the chart looks heavy, and price continues drifting even as the project expands at the institutional level.
Institutional Momentum Behind the Scenes
One of the core parts of Sarosh’s argument is the scale of institutional participation surrounding Ondo. At the Ondo Summit, major global entities such as Citi, DTCC, Fidelity, JPMorgan, Bloomberg, State Street, Goldman Sachs, Moody’s, and Pantera were present; a list that is unusual for a token still early in its development cycle.
$Ondo behind the scenes. FYI this is exactly what happened to other infrastructure plays during build out. They were left for dead by the retail investor.
— Sarosh (@SaroshQ2022) December 7, 2025
The better the build, the worse the price looks — right before it detonates. Every dead-looking infrastructure token in…
He also pointed to several developments that have occurred quietly but may become more significant over time. Ondo has opened access to roughly 500 million European investors, integrated tokenized U.S. securities with systems like 1inch, captured around 60% market share in BNB Chain’s tokenization segment, and begun advising the U.S. SEC on future tokenized-securities frameworks. Binance Wallet’s integration now gives more than 280 million users access to U.S. equities routed through Ondo, further widening the distribution footprint.
According to Sarosh, this type of institutional alignment does not match the profile of a failing project. Instead, he frames ONDO as an infrastructure layer being built before the market fully recognizes its value, similar to early AWS, Mastercard, or Coinbase infrastructure phases.
Read also: The Crypto Market Buried ONDO… Analysts Say It Won’t Stay Buried for Long
Why the ONDO Price Still Looks Weak
Sarosh attributes ONDO’s price stagnation not to project issues but to broader macroeconomic constraints. Over the last 18 months, crypto markets have faced repeated liquidity stress: tariff policy uncertainty, bond market instability, April’s liquidity freeze, leverage unwinds, sentiment collapse, and tightening financial conditions. He argues that ONDO has held up through all of it, even if the chart suggests otherwise.
From his perspective, ONDO remains stuck inside a macro “chokehold” that has prevented the token from repricing alongside its expanding fundamentals. With improving liquidity conditions, he believes the environment could shift moving into 2026.
Still, these views reflect the analyst’s interpretation of the data, not a guaranteed outcome. For now, the contrast is clear: the chart looks quiet, but institutional activity around Ondo continues to grow.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
