Ondo Finance (ONDO) will unlock 1.9 billion tokens on January 18th, worth approximately $840 million, which will pose a significant challenge to the market. The unlocked tokens account for over 57% of the circulating supply and will be distributed to founders, team members, private investors, and community funds. Although derivatives data shows traders are cautiously inclined to go long, the key question is whether sufficient buying demand can absorb such a large token supply without triggering strong selling pressure from early holders.

ONDO-0,02%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)