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no one’s talking about this: 🧠🚨
strong price drops, high sell-off volume, and TVL rise indicate ONDO
hey bruh, why ONDO 📉? is this a dip to buy or a nosedive to avoid 🤔?
can $ONDO bounce back from this dip tho?! 📉🚀 what’s the deal with Binance investors eyeing it like a
Investor activity and capital inflows remain strong despite ONDO’s temporary decline, with increasing TVL and platform fees signaling growing demand and potential price appreciation
Ondo Finance, a blockchain platform, faced pressure amid a market decline with its native token (ONDO) dropping 10% in 24 hours. Despite this, investor activity and capital inflows remain strong, with ONDO’s market capitalization at $1.27 billion. The decline was driven by significant liquidity flight from the derivatives market, leading to capital withdrawals and a decrease in circulating balance. Strong price drops and increased trading volume indicate high momentum sell-off and short-term downward pressure.
Investors are actively depositing ONDO to earn yield through liquidity pools, anticipating future price appreciation. The rise in TVL signals renewed capital inflows, with the protocol generating $2.24 million in fees in December. Rising fees signify platform usage growth and increased demand for ONDO, potentially supporting a price rebound. Binance investors are showing interest, reflecting possible price recovery as capital inflows increase and derivatives trading volume rises. The funding rate in the derivatives market is positive, indicating a preference for long positions and ongoing capital inflows, suggesting a potential ONDO rebound.
Mapping 2 reasons why ONDO’s current decline is only temporary
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