ONDO Token Exploded: 2500% Surge Explained
What is Ondo Finance and Why Did Its Token Price Surge? The Ondo token experienced a dramatic price increase of 2500% following its unlock on January 18th, 2024. This unprecedented surge warrants a detailed examination of the factors contributing to this volatile price action and the inherent risks involved. Understanding Ondo Finance's underlying mechanisms, its relationship with Coinbase, and its tokenomics is crucial to assessing its long-term potential. Coinbase's Influence and Market Sentiment The backing of Coinbase, a major cryptocurrency exchange, lends significant credibility to the Ondo Finance project....