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Crypto Whale Spends $17.1 Million to Buy $ONDO Amid RWA Hype

Author: Content Editor
A well-known crypto whale has purchased $17.1 million worth of $ONDO tokens during a market crash, catching the attention of the crypto community. The whale created a new wallet just 11 hours before the purchase and used 4,611 ETH to buy 10.978 million $ONDO coins at an average price of $1.553. This purchase is seen as a bold move that indicates confidence in the long-term value potential of $ONDO. The event has sparked speculation and discussions about the motivations behind the purchase, with some seeing it as a sign of a potential price rebound for $ONDO. Spot On Chain believes this transfer reflects unique dynamics in the crypto landscape and could increase interest from institutional and retail investors in $ONDO.

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