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.

Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez