RWA Project Ondo Finance Catches Market Attention with a Dramatic Rise in New Addresses and Token Value

A major token unlock, political connections, and smart investor involvement are fueling this impressive growth.

Ondo Finance (ONDO) has experienced a dramatic surge in new addresses and token value, capturing the market’s attention. Several factors, including a major token unlock, political connections, and involvement of smart investors, are contributing to this impressive growth.

A closer look at the project's performance reveals a sharp spike in new addresses, reaching 1.44k on January 13, 2025, as reported by IntoTheBlock. This surge in new users indicates growing interest in Ondo Finance.

As context, the project saw a new surge in user activity after a major token unlock. The token price rose from a low of $1.0872 to $1.5545 at the time.

One of the leading RWA projects, @OndoFinance , saw a significant spike in daily new addresses this weekend, with a peak of 1.44k new addresses on Saturday alone $ONDO pic.twitter.com/18KFVynYuj

The surge in price came as Ondo Finance released over 3 billion tokens, increasing the circulating supply to 3.15 billion. These tokens were allocated for private sales, ecosystem growth, and protocol development. Notably, Ondo Finance will carry out similar unlocks in the coming months, impacting its market dynamics.

In addition to the supply increase, several market factors are driving up the price. One key factor is the connection between Ondo Finance and political events, such as its ties to the Donald Trump administration.

This link has brought attention to the token, with Trump's support and the potential approval of an Ondo Finance ETF contributing to the token's growth.

Moreover, the price rally of Ondo Finance may also be attributed to broader economic factors. Specifically, the high inflation in the wake of Trump's policies is driving the Federal Reserve's hawkish stance. As bond yields rise, products like the platform's stablecoins become more attractive to investors seeking high returns.

Interestingly, the surge in activity and rising token price have attracted the attention of smart money investors. According to the data, the number of smart money holders in ONDO has reached a record 50. These investors are typically more experienced and sophisticated, indicating a positive sentiment.

Price Action and Technical Outlook

Ondo Finance (ONDO) price surged dramatically over the past week, driven by several bullish technical formations and strong buying pressure from smart money investors.

The recent formation of a falling wedge pattern on the 1-hour chart suggests a potential breakout. The price target, based on this pattern, points to $1.90, indicating a substantial upward movement.

Moreover, the formation of a cup and handle pattern on the daily chart further supports the bullish case for Ondo. This pattern is typically a signal of continuation after a period of consolidation. As a result, many market participants expect the price to rise toward $2.14, the highest level in December 2024.

The project's strong technical indicators suggest further price appreciation in the coming weeks. However, investors should remain cautious and watch out for market volatility that could impact its trajectory.