Facing a large unlock, can Ondo still rise?
Ondo is a typical VC coin, with 1.94 billion tokens unlocking on January 18, 2025, of which 80% goes to the ecosystem and 20% to investors. The 1.94 billion tokens account for 135% of the current circulation, meaning that the token circulation on January 18, 2025, will more than double, which could lead to Ondo's price being cut in half from recent highs. Generally, large unlocks will reflect in the coin price 1-2 months in advance, and this has already been reflected. Currently, Ondo is still a leader in RWA government bonds, but as a large VC coin, the expectation is that this cycle's peak will be around $2. However, it cannot be ruled out that Ondo, like Sui, may continue to reach new highs even in the face of a large unlock. #ondo