It's about to rewrite the past; do you know why ONDO suddenly surged today?
Coinbase-backed ONDO Finance has recently attracted great interest from investors and has been successfully listed on the world-renowned CEX. Notably, the price of the ONDO token has risen by nearly 8% with the listing, sparking heated discussions among cryptocurrency market participants. OKX, a cryptocurrency exchange based in Seychelles, recently officially announced its listing plan. The announcement quickly gained widespread attention due to the rise in cryptocurrency prices.
According to an official press release on July 29, OKX revealed that it will list the Ondo Finance token pegged to the USDT pair (ONDO/USDT) on its spot market. Starting today (8 am UTC), the above-mentioned currency pair will start trading on the cryptocurrency platform. At the same time, according to the official announcement, deposits for the currency pair have been opened at 7 am UTC.
Ondo Finance is a DeFi platform that provides seamless RWA (real world asset) tokenization. The project’s token economics and distribution plan include:
5.21 billion – Ecosystem Growth
3.3 billion – Protocol Development
1.29 billion – Private Sales
198 million – Community Channel Sales
Meanwhile, the token price continues to rise, and the spot listing paves the way for more funds to flow into the token ecosystem, triggering further optimism.
ONDO price is currently surging 7.68% and trading at $1.04. The token’s 24-hour low and high are $0.9639 and $1.05, respectively. Coinglass’s derivatives data shows that Ondo Finance futures OI surged 10.52% today to $146.88 million, highlighting further inflows of funds into the cryptocurrency. Coupled with the above listing record, recent market data has led to an optimistic shift in market sentiment.
Market consolidation is a good opportunity for layout. I will start to layout the land I have studied for a long time immediately;
Each land is expected to have a short-term increase of more than 30%, long-term holding or even double;
If you like spot and have more than 1000u, you can participate in the layout for free
