Record After Record in Altcoin: FOMO Effect Continues!
Cryptocurrency investors are flocking to the RWA-focused altcoin project.
Ondo Finance (ONDO), which has been mentioned alongside BlackRock in the past period and stands out in the field of real world assets (RWA), has witnessed a serious rise.
According to CoinGecko data, ONDO, which has increased by 30% in the last week, climbed up to $1.30. On-chain analysis platform Santiment revealed that investors were caught up in a FOMO specific to ONDO.
Over the past 3 months, the number of wallets holding ONDO increased by 550%, from 5,110 to 33,225. In addition, the project's trend on social media also reached an all-time high.
While Santiment interpreted the increase in ONDO owners and mentions as an obvious FOMO signal, it revealed investor expectations that the rises could continue.