A large-scale investor recently purchased a significant amount of Ondo Finance (ONDO) tokens during a flash crash in the crypto market. The investor spent $17.1 million or 4,611 ETH to acquire 10.978 million ONDO tokens at an average price of $1.553. This purchase has sparked speculation that ONDO could lead the upcoming altcoin season. ONDO has shown bullish price action, gaining 2.55% within a day and trading at $1.64. The token's market structure supports a potential upward trend, with technical indicators suggesting possible trend reversals. If ONDO breaks out successfully, it could reach the $2 mark, representing a 22% increase from current prices. However, the market sentiment in the broader cryptocurrency space remains crucial, as ONDO has a correlation of 0.7 with Bitcoin.



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