Ondo (ONDO) is set to unlock a massive $3 billion worth of tokens on January 18th, 2025. The tokens will be divided into 80% for ecosystem growth and protocol development, and 20% for investors. This unlocking event could potentially push the price of ONDO to monthly lows if the market and investors are not ready. At the time of writing, ONDO is trading at $1.43, down 11.68% in the past 24 hours, with a market capitalization of $2 billion. Tokenomist warns that the unlocking of tokens for investors may cause a drop in the cryptocurrency's price. The RSI indicates that bulls are currently in control, but the MACD indicator suggests a potential bearish divergence that could lead to another price crash.



Other News from Today