🚀🚀Buckle up, Bitcoiners! Ondo Finance's ONDO token is on a tear, rocketing nearly 20% to an all-time high of $1.15 on May 24, 2024. 🎉🎉 This surge is largely credited to Coinbase adding ONDO to its perpetual market.

📈📈DefiLlama data reveals that this increase has catapulted ONDO's market cap beyond a whopping $1.6 billion. On May 21, Ondo Finance also hit a peak total value locked (TVL) of $453 million, its highest level ever.

🔍🔍IntoTheBlock data shows a 52.3% rise in large transaction volumes for ONDO, with all holders currently in the green. A significant 92% of these holders are large ones, with around 63% of investors holding their tokens for periods between one and twelve months.

📊📊Since mid-March, ONDO’s price oscillated between $0.97 and $0.69 but broke out on Friday. A 10% rally ended the consolidation, pushing ONDO to an initial record high of $1.05. Now in a price discovery phase, investors expect the bullish momentum to continue driving it upward.

🎯🎯The rally came amid the U.S. Securities and Exchange Commission (SEC) approving spot Ethereum exchange-traded funds (ETFs). Despite the controversial impact on the rest of the market, ONDO is among the top performers on a daily scale.

🚀🚀Since its launch earlier this year, ONDO has seen strong demand and has rallied over 1,300% from its all-time low. Another major catalyst behind the ONDO price rally could be related to Coinbase’s addition of the asset to its perpetual market.

🔮🔮Following the announcement, several market traders have issued bullish calls for ONDO. One emphasized that ONDO represents a potent “ETH beta” set for attention soon. Another predicts an upcoming surge in the “real-world-asset narrative,” highlighting ONDO’s noteworthy performance.

🎉🎉So, here's to ONDO's continued ascent! Keep your eyes on the prize, Bitcoiners! 🚀🚀