- Institutional wallets deposited $12.2M ONDO into Coinbase Prime, signaling strong demand and adoption.
- ONDO broke past $0.92 resistance, confirming bullish momentum with higher lows and strong buying pressure.
- ONDO’s growth aligns with rising RWA adoption, backed by major partnerships like BlackRock and Trump’s crypto portfolio
According to Spot On Chain, Ondo Finance-linked wallets deposited 13.83 million ONDO ($12.2 million) into Coinbase Prime. This move follows multiple high-value transactions since February 5, 2025. These wallets previously received 49.41 million ONDO ($35.4 million) each from Ondo Finance’s multi-signature wallet on September 24, 2024. The initial transfer occurred when ONDO traded at $0.717. Since then, a total of 69.17 million ONDO ($74.9 million) has been deposited, averaging $1.083 per token.
Currently, seven wallets hold 276.7 million ONDO ($244 million). Each wallet retains 39.53 million ONDO ($34.8 million). This large-scale movement indicates strong institutional interest, reinforcing ONDO’s growing adoption.
ONDO Breaks Key Resistance, Signals Bullish Momentum
ONDO recently smashed through a major resistance level, demonstrating strong bullish momentum. The token had been consolidating before breaking out and forming an ascending trendline. This trendline reflected higher lows, confirming consistent buying pressure. Buyers maintained control, pushing the price upward.
A key resistance level emerged at $0.92. ONDO tested this area multiple times before breaking through with strong bullish momentum. The breakout triggered increased volatility, driving the price higher. Before this move, ONDO went through an accumulation phase with repeated retests of the trendline. This phase signified steady demand and strengthened the bullish case.
ONDO’s Bullish Breakout and Future Support Levels
The breakout above $0.92 transformed previous resistance into a strong support zone. After clearing this level, ONDO surged rapidly, supported by increased trading volume. Bullish candles expanded significantly, confirming heightened demand and investor confidence. The lack of significant pullbacks indicates strong follow-through momentum.
Moreover, the earlier consolidation phase created a solid foundation for this rally. Structural shifts in price action further validate ONDO’s strong trajectory. Turning resistance into support suggests sustained bullish sentiment in the short term.
ONDO’s growth aligns with the rising narrative of Real World Assets (RWA). The token stands out as the dominant player in this sector. Besides, key partnerships, including BlackRock, add credibility to ONDO’s potential. Additionally, its inclusion in Trump’s crypto portfolio further boosts its reputation.
