- ONDO climbed 17.9% after a tokenized Treasury pilot involving Ripple, Mastercard, and JPMorgan.
- Whale cohorts added about 77.7M ONDO in a month, showing broader accumulation across holders.
- ONDO must hold $0.42 to keep its breakout intact, with $0.47 and $0.55 as the next key levels.
ONDO climbed 17.9% today after traders reacted to a tokenized Treasury settlement pilot involving Ondo Finance, Ripple, Mastercard, and JPMorgan’s Kinexys platform. CoinGecko data showed the token rising to about $0.435, extending a sharp early-May recovery.
The move followed a successful test involving OUSG, Ondo’s tokenized U.S. Treasury product. The pilot completed a cross-border, cross-bank redemption, with the XRP Ledger processing the asset leg in under five seconds.
Treasury Pilot Puts RWA Demand Back in Focus
The rally came after two developments placed Ondo deeper into the real-world asset conversation. On May 4, the Depository Trust & Clearing Corporation named Ondo Finance to its tokenization working group, which included more than 50 financial firms.
Two days later, Kinexys by JPMorgan, Mastercard, Ripple, and Ondo completed the Treasury redemption pilot. The transaction tested how public blockchain networks can link tokenized assets with traditional banking settlement systems.
The key point for traders was utility. The test showed tokenized Treasuries moving across borders and banks in near real time, outside standard banking windows. That gave the market a fresh reason to price the RWA narrative into ONDO.
Whale Accumulation Strengthens the Move
On-chain data also showed larger holders adding exposure before and during the rally. Santiment data showed wallets holding 1 million to 10 million ONDO increased their combined balance from 555.38 million to 594.05 million over the past month.
The 100,000-to-1-million holder group also increased its stash from 145.87 million to 154.95 million. Meanwhile, wallets holding 10 million to 100 million tokens rose from 2 billion to 2.03 billion.
Together, the three cohorts added about 77.7 million tokens during the month. The spread across several holder groups showed that the accumulation was not limited to a single whale tier, signaling growing confidence in ONDO’s medium-term prospects.
Derivative activity also expanded sharply. Futures volume jumped 183.27% to $1.61 billion, while open interest rose 30% to $240 million within 24 hours.
Breakout Holds, but $0.42 Becomes Key
From a technical perspective, ONDO’s daily chart shows a strong bullish reversal after weeks of sideways trading near the $0.24–$0.20 support zone. The token broke sharply higher in early May, rising from the base area toward the $0.44–$0.47 region.
The move gained around 100% from the April low before the price met selling pressure near resistance. The latest candle shows rejection from that zone, with ONDO trading around $0.42 at press time, after a strong 24-hour gain.
Meanwhile, momentum remains positive but stretched. The RSI is at 80, in the overbought territory, while the MACD histogram is expanding above the zero line. That shows buyers still control momentum, although the fast move increases the risk of short-term profit-taking.
As a result, the key level to watch is $0.42. A daily close above that area would keep the breakout structure intact and could allow another test of $0.47, then the $0.55 Fibonacci zone. Failure to hold $0.42 may pull ONDO back toward $0.36–$0.38 before any fresh continuation attempt.
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