Why is Ondo Finance Up 70% This Week and Will It Last?
BeInCrypto
Ondo Finance has surged 70% in a week, driven by institutional partnerships, tokenization developments, and continued accumulation by large-scale whale investors.Summary
Ondo Finance (ONDO) has experienced a significant price rally, climbing 70% in the past week to reach multi-month highs. This upward momentum is primarily fueled by positive institutional developments, specifically Ondo Finance's inclusion in the DTCC tokenization working group and a successful cross-border pilot project involving JPMorgan's Kinexys, Mastercard, and Ripple. Furthermore, on-chain data indicates that whale investors across various tiers are consistently accumulating the token, signaling strong confidence in its medium-term prospects. With the DTCC tokenization service scheduled for upcoming milestones, analysts suggest these factors provide fundamental support for the token's continued growth.
(Source：BeInCrypto)