Ondo Finance weekly slide reaches 12% as the token dips again Saturday
The Ondo Finance token traded at $0.365 at 12:40 p.m. ET Saturday, down 12.1% over seven days and 2.3% in 24 hours, according to CoinGecko.
The quick take
- Price: $ONDO $0.365, -2.3% in 24 hours (CoinGecko, as of 12:40 p.m. ET, Nov. 7)
- Trigger: A slow slide with no sharp break: on Binance, no single hour fell more than 1% since Friday.
- Watch: Whether $ONDO holds above its 24-hour low of $0.362.
What happened
The Ondo Finance weekly slide reached 12% on Saturday. Ondo Finance ($ONDO) traded at $0.365 at 12:40 p.m. ET, down 12.1% over seven days and 2.3% in 24 hours, according to CoinGecko.
Two other data sites show a similar week. CoinPaprika and LiveCoinWatch both put the seven-day loss at 11.3%.
Over the past 24 hours, the token moved between $0.362 and $0.376 on CoinGecko. Over 30 days it is down about 18% on both CoinGecko and LiveCoinWatch.
That leaves $ONDO roughly 83% below its record high of $2.14, set on Dec. 15, 2024, per CoinGecko. Its market value stands at $1.78 billion.
Why it moved
The drop came in small steps rather than one sharp fall. On Binance’s ONDO/USDT pair, hourly closing prices eased from about $0.378 around noon ET Friday to $0.363 around noon ET Saturday.
The wider market stayed calm over the same day. Bitcoin ($BTC) rose 0.2% and Ethereum ($ETH) rose 0.6% in 24 hours, per LiveCoinWatch.
Ondo Finance’s blog shows no new post since Nov. 4, and no major crypto news outlet has linked the slide to a specific event. The cause of the weekly drop is not confirmed.
Who’s buying and selling
Trading continued through the decline. CoinGecko counts $57.5 million in 24-hour volume across markets, about 3% of the token’s market value.
LiveCoinWatch reports a lower figure of $38.1 million for the same window. The two readings cover the same 24 hours but land far apart.
What to watch next
The first level to watch is the 24-hour low of $0.362. Next comes any new update on the Ondo Finance blog, which last posted on Nov. 4.
The 30-day loss of about 18% shows the slide began before this week.
Bottom line: $ONDO has lost 12% in a week through a slow, steady decline, with no confirmed trigger.
Price data: CoinGecko (cross-checked with LiveCoinWatch).
Sources
- CoinGecko: Ondo Finance (ONDO) price, range, record high and volume
- LiveCoinWatch: Ondo price, 24-hour, 7-day and 30-day change; Bitcoin and Ethereum
- CoinPaprika: Ondo price and 7-day change
- Binance: ONDO/USDT hourly prices
- Ondo Finance blog
Not financial advice.
