Ondo Finance and Trump Meme Token Unlock Over $10 Billion in Value

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Meme coin news broke this week as Ondo Finance and the Trump meme token unlocked over $10 billion in value. Ondo Finance, which shifted to the RWA sector in early 2023, unlocked 1.939 billion tokens worth $780 million. The Trump meme token released 54.94 million tokens valued at $298 million. Starknet also saw 126 million tokens unlocked, worth $104.1 million. New token listings continue to drive market activity.

Ondo Finance

Project Twitter:https://x.com/OndoFinance

Project Official Website:https://ondo.finance/

Number of tokens unlocked this time: 193.9 million

Amount unlocked this time: approximately 780 million USD

Ondo Finance was founded in 2021 and initially focused on the LaaS (Liquidity as a Service) sector. However, as the market entered a bear phase, DeFi market capitalization and on-chain liquidity declined, causing the project to face development bottlenecks. As a result, in January 2023, it transitioned to the RWA (Real-World Assets) sector.

Before its transformation, Ondo Finance issued the token ONDO, which was publicly sold on Coinlist. However, tokens purchased were subject to a one-year lock-up period, after which they were released monthly. These tokens could be used for governance voting on Flux Finance.

The specific release curve is as follows:

Trump

Project Twitter: /

Project official website: /

Number of tokens unlocked this time: 54,940,000

Amount unlocked this time: approximately $29.8 million USD

Trump's issued meme token.

The specific release curve is as follows:

Starknet

Project Twitter:https://twitter.com/Starknet

Project Official Website:https://starknet.io/

Number of tokens unlocked this time: 126 million

Amount unlocked this time: approximately 1.041 million USD

Starknet is a Layer 2 solution for Ethereum that leverages zk-STARKs technology to make Ethereum transactions faster and less costly. Starknet's parent company, StarkWare, was founded in 2018 and is headquartered in Israel. Its main products include Starknet and StarkEx. By using STARKs, Starknet verifies transactions and computations without requiring every node in the network to validate each operation. This significantly reduces computational load and increases the throughput of the blockchain network.

The specific release curve is as follows:

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