ONDO hits a new high, with a 24-hour increase of over 31%, and funds continue to pour into the RWA sector
交易员小帅2024/12/03 08:12
On December 3rd, Ondo Finance, a native token of asset tokenization platform, saw a significant increase today, with a 24-hour increase of 31.45%, currently trading at $1.6547, setting a new high in recent times. Funds continue to flow into the RWA sector (real-world asset tokenization), attracting widespread attention.
The main factor driving ONDO's surge this time is that its tokenized US Treasury product OUSG has become the largest institutional contributor to BlackRock's own on-chain fund BUIDL. In addition, both Binance Cold Wallet and BlackRock have recently continuously transferred funds to ONDO Finance, further boosting market enthusiasm. At the same time, as the first institution to tokenize US Treasury exposure, Ondo Finance's first-mover advantage in on-chain finance has been recognized by the market.
Meanwhile, on November 28th, Switzerland wealth management company 21Shares announced the addition of ONDO ETP to its European products, further strengthening ONDO's appeal in the institutional market. The RWA sector has performed strongly recently, with funds flowing from the traditional cryptocurrency sector to tokenized assets, making ONDO a core target in the new round of fund flows.
The market is full of expectations for the future performance of ONDO, and the current heat continues to rise. Some Kols pointed out on social media that ONDO may usher in a new round of price highs.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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