Ondo Finance token jumps 5.3% as a midday climb holds into evening
Ondo Finance ($ONDO) trades at $0.454, up 5.3% in 24 hours as of 5:40 p.m. ET on Tuesday, after a fast midday climb.
The quick take
- Price: $ONDO trades at $0.454, up 5.3% in 24 hours, per CoinGecko at 21:40 UTC.
- Trigger: A sharp climb around midday in New York lifted the token off a flat start; no announcement explains it so far.
- Watch: Whether $ONDO holds near $0.45 and how it trades against its 24-hour high of $0.462.
What happened
The Ondo Finance token jumps 5.3% on Tuesday. Ondo Finance ($ONDO) trades at $0.454 as of 5:40 p.m. ET (21:40 UTC), according to CoinGecko. That gives it a market value of about $2.21 billion, 48th on CoinGecko’s list.
LiveCoinWatch, a second price tracker, shows $0.453 and a 4.9% gain. The two prices sit less than 0.1% apart. CoinGecko puts the 24-hour range between $0.427 and $0.462.
Why it moved
Hourly prices on Binance’s ONDO/USDT pair show a quiet start to the day. The token traded between about $0.433 and $0.437 until mid-morning in New York. It then climbed to near $0.46 in roughly two hours.
The token slipped to about $0.445 in the early afternoon, then worked back to about $0.456 by late afternoon. Ondo Finance’s blog shows no new post since Oct. 5. No announcement or news report explains the jump yet, so the cause is not confirmed.
The wider market was firmer, but by less. Bitcoin ($BTC) rose 0.9% and Ether ($ETH) 1.8% over 24 hours, per LiveCoinWatch.
Who’s buying and selling
CoinGecko counts $117.5 million in $ONDO trading over 24 hours across the exchanges it tracks. That is about 5% of the token’s market value. CoinPaprika, a third tracker, shows a smaller 4.0% daily gain, so the size of the move depends on the data source.
What to watch next
The token is still down 2.6% over seven days but up 6.0% over 30 days, per CoinGecko. It also sits about 79% below its record high of $2.14 from Dec. 15, 2024.
Readers can watch whether $ONDO keeps its late-afternoon level near $0.45. Another thing to watch is whether Ondo Finance posts news that explains the buying.
Bottom line: Ondo Finance’s token posts a fast midday gain that mostly holds, but no announcement explains it yet.
Sources
- CoinGecko: Ondo Finance price, 24-hour range, market value, volume and record high (primary)
- LiveCoinWatch: ONDO price cross-check and Bitcoin and Ether context
- Binance: ONDO/USDT hourly prices
- CoinPaprika: ONDO price and 24-hour change
- Ondo Finance blog: latest announcements
Price data: CoinGecko, checked against LiveCoinWatch.
Not financial advice.
