Whales Scoop Up Real-World Asset Crypto

Whale Activity

Crypto whales are accumulating a rapidly growing crypto project called Ondo Finance (ONDO). Lookonchain, a crypto tracking service, has observed significant withdrawals of ONDO from major exchanges.

  • One whale withdrew 6.53 million ONDO (over $6 million) from Bybit in the past month.
  • Another whale withdrew 1.98 million ONDO (nearly $1.83 million) from Gate.io in an hour on Sunday.
  • A third whale withdrew 937,600 ONDO (over $864,000) from Gate.io a few hours earlier.

ONDO Finance

ONDO Finance tokenizes real-world assets (RWAs) and develops financial protocols that integrate these tokens. It aims to provide institutional-grade financial products and services on a public blockchain.

Price Performance

ONDO is currently trading at $0.922, up over 8% in the past 24 hours and nearly 124% in the past week. It recently reached an all-time high of $0.9702.

Whale’s Ethereum Moves

Lookonchain also reported that a whale deposited 11,275 Ethereum (ETH) worth $37.4 million to Binance, but sold it at a loss of approximately $500,000. The whale then bought back into ETH after its price increased.