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Ondo Finance (ONDO) Increased by 7%! What's Behind This Rise?
ONDO, amidst the increasing interest on social media, gained 7% in value today.
The exchange supply of the DeFi token has dropped to its lowest level in 2024.
On Friday, a whale withdrew approximately 6 million dollars worth of Ethereum to buy ONDO before the rally.
According to data from crypto intelligence tracker Lookonchain, an investor withdrew approximately $6 million worth of Ethereum from an exchange and purchased ONDO on Friday. It is believed that this whale may be preparing for an ONDO price rally. The statement from Lookonchain was as follows:
Someone created a new wallet 27 hours ago and withdrew 1,870.68 ETH worth approximately 5.7 million dollars. Then, they used this amount to buy ONDO worth 6 million dollars at an average price of 0.95 dollars in the last 27 hours. Does this whale have information that we are unaware of?
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#Are we still in the bull market?