Ondo Finance Prepares for $2.44 Billion ONDO Token Unlock

Ondo Finance, a platform specializing in real-world assets tokenization, is gearing up for a major unlock of its governance token, ONDO. The unlock is set to take place on January 17, 2025, at 7 PM EST, releasing approximately 1.9 billion locked ONDO tokens into circulation.

The total value of the unlock is estimated to be around $2.44 billion, accounting for a 134% influx. This significant increase in token supply is likely to have a substantial impact on the cryptocurrency market.

Token Allocation Breakdown

The upcoming ONDO release will be divided into three key allocations:

  • Approximately 792 million ONDO (40% of the unlock) will be used for ecosystem growth.
  • Around 825 million ONDO (42%) will be dedicated to protocol development.
  • The remaining tokens will be allocated towards private sales.

Historically, large token unlocks have often been met with a bearish reaction from the market, which could lead to a dip in ONDO’s price. However, the altcoin’s price has risen alongside the broader market over the past year, following its last token unlock. In the past year, ONDO’s value has surged 673%, climbing from lows of $0.26 to its current price of around $1.25.

Ondo Finance’s Growing Presence in the RWA Market

Ondo Finance has also made significant strides in the real-world assets (RWA) market, with its tokenized treasuries, such as the Ondo U.S. Dollar Yield and Ondo Short-Term Government Bond Fund, contributing to a 100% increase in the market over the past year, reaching a total value of $4 billion.

According to data, the total value locked (TVL) in Ondo Finance has also seen substantial growth, spiking from $192 million in January 2024 to a peak of $650 million in October. At the time of writing, the TVL stood at $543 million.

As the ONDO token unlock approaches, investors and market participants will be keeping a close eye on the cryptocurrency’s price movements. Stay up-to-date with the latest news and developments in the world of Web3 and cryptocurrencies on Global Crypto News.

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