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- An enormous $3 billion price of ONDO tokens are set to hit the market on Jan 18th, 2025.
- Over 20% of the entire tokens unlocked will likely be allotted to buyers.
- Early buyers purchased ONDO at $0.02 and have profited 80x.
Ondo (ONDO) is only a month away from an enormous token unlocking occasion. This occasion may push the value of the digital asset to month-to-month lows if the digital asset sector and buyers are usually not prepared. An enormous $3 billion price of ONDO tokens will hit the market on January 18th, 2025, however with a catch.
Based on a put up on X (previously Twitter) by Tokenomist (beforehand generally known as TokenUnlocks), the unlocked tokens, representing 135% of the circulating provide (14.37% of the entire provide), will likely be divided into two. About 80% of the entire tokens unlocked will go towards ecosystem progress and protocol improvement, whereas the opposite 20% will likely be reserved for buyers.
On the time of writing, ONDO is buying and selling at $1.43, down 11.68% prior to now 24 hours. It has a market capitalization of $2 billion and a buying and selling quantity of $498 million, which surged 127% in the identical time interval, CoinMarketCap information exhibits. The cryptocurrency is down 25.12% from its all-time excessive of $1.93, witnessed earlier this month.
Will the ONDO Value Crash?
Tokenomist highlighted that the early backers of the challenge and preliminary buyers entered at a worth of $0.02 in the course of the sequence A funding spherical and have now made earnings as excessive as 80x. So, the 322 million ONDO tokens (price $500 million) being unlocked for buyers on January 18th might push the cryptocurrency down.
The Relative Power Index (RSI) for the ONDO worth motion reads a price of 58.61 which signifies that the bulls are in charge of the altcoin’s worth motion and buyers can count on the correction to finish quickly. Nonetheless, the MACD indicator is about to witness a bearish divergence which if occurs, can result in one other crash within the worth of ONDO.
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