This week on January 18th$ONDO will face a large unlock. Will the 58% unlock volume cause the secondary market to crash?



Unlock volume: 1.939 billion tokens

Unlock amount: approximately $780 million

Ondo Finance was founded in 2021, initially focusing on the Laas (Liquidity as a Service) sector. However, as the market entered a bear phase, DeFi market capitalization and on-chain liquidity shrank, leading to development bottlenecks for the project. In January 2023, it transitioned to the RWA (Real World Assets) sector.

Before the transition, Ondo Finance issued the ONDO token and conducted a public sale on Coinlist. However, after purchase, tokens were locked for one year with monthly releases thereafter. The tokens can be used as governance voting power for Flux Finance.

The secondary market trend is very weak. Those holding assets can avoid trading.
ONDO-1,13%
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