The Ondo (ONDO) price has been crushed, and that’s exactly why some traders think the opportunity is getting ignored.
Ondo is one of the few Real-World Asset projects with real credibility in traditional finance, yet the token has sold off hard with the rest of the market.
Sarosh argues this isn’t about Ondo failing. It’s about liquidity cycles. When risk appetite disappears, everything bleeds, even projects that are quietly building real infrastructure. In his view, ONDO is getting treated like a random altcoin when it’s playing a completely different game.
Meanwhile, Sarosh’s main point is that prices lag liquidity. When liquidity dries up, tokens fall. When liquidity returns, coins rip higher, even the ones nobody expects.
He also warns that markets often pump late, right when liquidity is already fading. That’s where retail gets trapped chasing hype, and smart money starts scaling out. Ondo’s drop, in his eyes, looks more like a liquidity event than a project problem.
Part 1: $ONDO will rip higher with everything else at some point in this liquidity cycle. That’s commodities. That’s liquidity.
— Sarosh (@SaroshQ2022) February 8, 2026
That’s what happens when capital sloshes back into risk and lifts coins you’ve never heard of, doing things they have no business doing — when things…
What you'll learn 👉
Ondo Isn’t Built Like a Meme Coin
The bigger thesis is that Ondo is trying to become an operating asset, not a narrative token. The goal is for ONDO to behave more like financial infrastructure, tied to real activity, real rails, and eventually real revenue.
If that happens, the investor base changes. It stops being short-term flipping and starts looking more like holding an asset connected to on-chain finance.
Sarosh compares it to buying disruptive tech before the market understands what it is. The regret doesn’t come from missing a pump. It comes from selling too early.
The ONDO Chart Shows the Disconnect: TVL Up, Price Down
The chart makes the situation even stranger. Ondo’s TVL has exploded, climbing toward the $3 billion range. That’s a massive signal of capital flowing into the ecosystem.
But the ONDO price has moved in the opposite direction, collapsing even as the protocol grows.
That gap is exactly what Michaël van de Poppe is pointing to. He calls this one of the clearest mispricings in the market, strong growth in locked value, paired with a beaten-down token.
This is where you'll find the best opportunities in the markets.
— Michaël van de Poppe (@CryptoMichNL) February 8, 2026
One of them is $ONDO.
Massive growth in TVL.
Price collapsed.
This period is the biggest mispricing ever in our industry and the final time that you're able to accumulate those positions. pic.twitter.com/XmiKwJ9xja
Read Also: Why is Humanity Protocol (H) Price Pumping Today?
Why This Could Be the Accumulation Window For ONDO
ONDO may still move with the broader cycle in the short term. It’s not immune to macro stress, flash crashes, or liquidity shocks.
But when sentiment flips back toward risk, projects with real traction tend to reprice fast. That’s why traders like Van de Poppe believe this is the kind of zone where accumulation happens quietly, before the crowd shows up.
The ONDO price collapse looks ugly on the surface. But with TVL surging and real-world finance rails being built underneath, this may end up being remembered as one of the most obvious discounts of the cycle.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
