CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
coinpedia 2025-02-07 02:25:01

Trump’s Focus Shifts, Buys $4.7 Million of ONDO

The post Trump’s Focus Shifts, Buys $4.7 Million of ONDO appeared first on Coinpedia Fintech News After investing millions of dollars in Ethereum (ETH), the pro-crypto Donald Trump’s World Liberty Finance seems to have shifted its focus to Ondo (ONDO). Trump’s Rising Interest In ONDO Recently, a blockchain-based transaction tracker, Onchain Lens, shared a post on X (previously Twitter) revealing that Trump’s Liberty Finance has spent $4.7 million USDC to buy 342,000 ONDO tokens. Just In: Trump's World Liberty Finance has spent $4.7M $USDC to buy 342,000 $ONDO . Ondo Finance launches Ondo Chain, a permissioned Layer 1 blockchain for tokenizing real-world assets in institutional finance. Address: 0x5be9a4959308A0D0c7bC0870E319314d8D957dBB pic.twitter.com/RecxNEcIOI — Onchain Lens (@OnchainLens) February 6, 2025 The post on X also noted that Ondo Finance launched Ondo Chain, a permissioned Layer 1 blockchain designed for tokenizing real-world assets in institutional finance. However, this substantial investment in ONDO is making waves in the cryptocurrency space, leading to a surge in its price while other major cryptocurrencies struggle to gain momentum. ONDO Current Price Momentum ONDO is currently trading near $1.35 and has surged over 3.10% in the past 24 hours. During the same period, heightened interest from traders and investors pushed its trading volume up by 15% compared to previous days. Bullish On-chain Metrics and Upcoming Level Despite this bullish outlook, investors have been found dumping their holdings onto exchanges, as reported by the on-chain analytics firm Coinglass . Data from spot inflow/outflow revealed that exchanges have seen an outflow of over $11.54 million worth of ONDO coins, indicating potential accumulation by whales and long-term holders. This could create buying pressure and drive further upside momentum. According to expert technical analysis, ONDO appears bullish but is currently consolidating in a tight range between $1.175 and $1.65 over the past seven days. Based on recent price action, if the current market sentiment remains unchanged, it could soar by 22% to reach the $1.65 level in the coming days.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta