New ONDO Addresses Surge 390% In 24 Hours – A Sign Of Growing Interest In Ondo Finance
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With the downward trend of the wider cryptocurrency market, Ondo Finance (Ondo) has been experiencing enormous sales pressure and increased volatility. Ondo has lost more than 40% of its value since early March, reflecting overall risk sentiment in the market. Analysts warn that further declines as investors remain reluctant to reenter longer positions due to fear-led price action.
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Despite the ongoing downward trend, on-chain data from the Glass Section reveals significant changes in network activity. The new Ondo has solved 390% in the past 24 hours. This surge in the new address shows that interest in Ondo Finance is growing even as price action remains weak. Historically, increased network activity may have been a pioneer in adopting stronger adoption, and in the long run, it is possible to set prices for recovered prices.
and Market sentiment still tends to be bearishthe days that follow will be crucial to Ondo’s short-term price trajectory. Investors are closely watching whether the rise in cyber activity translates into new demand or whether sales pressures will continue to weigh price action.
Ondo leads the RWA market despite volatility
Over the past year, Ondo Finance has established itself as one of the main crypto projects, ensuring its position as a market leader in real-world assets (RWA). The project has gained significant attention by providing tokenized financial products and bridging traditional financial products through blockchain technology.
Recently, they took a big step by unveiling ondo Chain, a allowed layer 1 blockchain designed specifically for institutional financing. This innovation aims to bring regulated institutions into the digital asset space, increasing efficiency and security while ensuring compliance with financial regulations.
Top Analysts Ali Martinez shares insights on Xrevealing that the new Ondo address soared 390% in just 24 hours, from 935 to 4,559. This surge in online activity may indicate a change in investor sentiment, suggesting that Ondo may prepare with strong performance once the market stabilizes. Historically, increasing network adoption has been a bullish signal, usually before price recovery.
Despite the current market downturn, the fundamentals are still strong. The project continues to expand, attracting institutional interest and strengthening its role as a key player in the growing RWA field.
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With the rise in institutional finance adoption of blockchain solutions and network activity, Ondo remains a strong competitor for future growth. If market conditions become favorable, the project could be one of the best performers in the next bull cycle, driven by its ongoing innovation and expanded ecosystem.
Bull Monitoring Key Support
Ondo currently trades at $0.83, removing all proceeds from post-election rally that began in November 2024. After months of steady growth, Ondo has been captured in a wider market downturn, facing sales pressure and uncertainty as investors reassess risks.
To regain control of the Bulls, Ondo must maintain support levels above $0.75 to establish a strong foundation for recovery. Mergers at these levels can help stabilize price action, but as the market continues to decline, the process may take longer than expected. If buyers are unable to hold $0.75, Ondo may face further downside risks, thus expanding its correction.
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However, if Ondo holds above the $0.80 level, the Bulls must push towards a $0.95 push, a key resistance level that may mark the beginning of the recovery phase. As new address growth surges, it indicates an increase in network activity, and once market sentiment improves, ONDO can be well positioned. Currently, traders are looking at whether Ondo can defend its support level or whether the persistent weakness will lower it in the near term.
Featured images from DALL-E, charts from TradingView
