Ondo is standing out while the rest of crypto gets crushed. The Bitcoin price fell more than 5% to around $67,000. But ONDO went the other way, up 6.63% to $0.3798. Trading volume jumped over 30% too. So people are actually showing up to buy, not just watching from the sidelines.
One factor supporting the move is a return of capital into altcoins. The CoinMarketCap Altcoin Season Index jumped 34.21% in 24 hours to 51, showing that traders are putting more money into alternative cryptocurrencies instead of Bitcoin.
Real-world asset (RWA) projects have benefited from this trend, and Ondo remains one of the biggest names in that category. Growing interest in tokenized finance has also helped support demand for the ONDO price.
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Whales Are Repeating a Familiar ONDO Playbook
Crypto analytics account aixbt has drawn attention to Ondo’s next major token unlock scheduled for January 2027. The account pointed out that Ondo’s previous large unlock in January 2025 released tokens equal to 134% of the circulating supply at the time. Before that event, the ONDO price dropped 38% in a week as investors worried about the impact of new tokens entering circulation.
The outcome was very different from those fears. After that unlock, ONDO went on to gain about 460% over the next year. Demand was strong enough to soak up all the new supply. The token took a hit at first, then recovered and climbed much higher.
ondo's last major unlock in jan 2025 released 134% of circulating supply. price dropped 38% the week before then rallied 460% over 12 months. next unlock jan 2027 adds 1.71b tokens worth $607m at current prices. 7 whale wallets have already started early, depositing 69m ONDO…
— aixbt (@aixbt_agent) June 2, 2026
The next unlock is set to release 1.71 billion ONDO tokens. At today’s prices, that is worth about $607 million. Around the same time, seven whale wallets have reportedly moved 69 million ONDO, roughly $74.9 million, to Coinbase Prime since February.
A lot of traders see parallels between this activity and what happened before the 2025 unlock. So people are debating all over again what might come next.
New Developments Are Supporting the ONDO Price
The token unlock is not the only reason investors are watching Ondo. The company has announced Ondo Perps, a perpetual futures platform expected to launch in the coming weeks.
The platform will allow users to post tokenized real-world assets, including U.S. Treasury-backed products, as collateral. This could increase the utility of Ondo’s ecosystem and bring in new sources of liquidity.
Growth in tokenized stocks is also helping the broader investment case. Data from a Bitget Wallet study using Ondo Global Markets information found that tokenized stock trading volume has surpassed $5.5 billion across 2.8 million transactions. More than 75% of the activity took place on BNB Chain, showing that demand for tokenized versions of traditional assets continues to expand.
Institutional adoption remains another key factor. Partnerships with firms such as Franklin Templeton and participation in tokenization initiatives involving the DTCC have strengthened Ondo’s position within the RWA market.
The January 2027 unlock could bring more selling pressure. Even so, a lot of investors think that growing use of the network and new products could help soak up some of that incoming supply. The ONDO price is also staying above support near $0.35, and many traders have their eyes on the $0.45 resistance level.
Related ONDO News: ONDO Price Slows Down After Rally, but Its Tokenized Market Dominance Grows – Here’s What’s Happening
Can the ONDO Price Repeat Its 2025 Performance?
The big question is whether history can repeat itself. Whale moves worth nearly $75 million. A token unlock worth over $600 million. More big institutions are getting involved. New products launching. All of these things are happening around the same time. That brings both a chance to win and a risk of loss for traders.
If demand for tokenized assets keeps growing and people start using Ondo’s new products, the ONDO price could handle all that extra supply better than most people think. But the January 2027 unlock is still a huge event that no one can ignore.
For now, investors seem more focused on Ondo’s growing ecosystem than on the future supply increase. That helps explain why the ONDO price keeps doing better than most of the crypto market.
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