ONDO (ONDO) fluctuates by 40.2% in 24 hours: Ripple/JPMorgan/Mastercard tokenized US Treasury pilot sparks RWA boom
Bitget Pulse2026/05/09 02:48Volatility Brief
In the past 24 hours, ONDO's price hit a low of $0.3472 and a high of $0.4869. The current quote is $0.4585, with an overall price swing of 40.2%. Trading volume has surged significantly, with spot trading volume around $620 million and futures trading volume exceeding $1.1 billion in 24 hours—a substantial increase compared to usual levels.
Brief Analysis of the Reasons for the Move
- Institutional pilot event: Ondo Finance completed its first cross-border tokenized US Treasury (OUSG) redemption pilot together with Ripple, JPMorgan, and Mastercard, using the XRP Ledger to settle within 5 seconds. This news drove the price to surge over 30% from around $0.35.
- RWA narrative reignited: In real-time discussions, the RWA (Real World Asset) sector is gaining momentum, with ONDO as a key player seeing increased whale accumulation. The sudden surge in trading volume confirms strong buy-side interest.
Market Views and Outlook
Community sentiment is predominantly bullish, with X platform bulls calling for an “explosive increase” and targeting $0.50. Institutional adoption of RWA is seen as a long-term positive. However, analysts warn of daily momentum being overbought; if support near $0.355 is lost, a 20-40% correction is possible. Attention is advised for buying opportunities on pullbacks.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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