Ondo Finance, Ethereum’s BlackRock-Backed Tokenization Crypto, Surges 38%: Why Is ONDO Going Up?

Ondo Finance ONDO/USD, a tokenization-themed cryptocurrency with ties to BlackRock, has surged over 35% in the last 24 hours.

CryptocurrencyPrice   Market Cap24-Hour Trend7-Day TrendOndo Finance ONDO/USD$1.71$2.2 billion+38.9%+75.4%Maker MKR/USD$2,178.34$1.9 billion+14.6%+26.7%MANTRA OM/USD$3.85$3.5 billion+10%+7.9%

Trader Notes: While Ondo Finance noted that “trillions of dollars” are coming on-chain, crypto trader Gypsy King suggests Binance has been accumulating ONDO weekly, predicting a listing is imminent, which could trigger a “real pump.”

Another trader, Kyren, highlights that Binance wallets, including Binance 15, 16, and Hot Wallet 20, collectively holding over 609,000 ONDO tokens, further bolstering listing rumors.

Crypto trader Ted Pillows attributes Ondo’s upside potential to its robust fundamentals. DeFiLlama data shows Ondo’s total value locked surged from $221.5 million in April 2024 to $639.9 million in November. Pillows maintains his $4 price target for Q1 2025.

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