Why is Ondo Finance Up 70% This Week and Will It Last?

Ondo (ONDO) has climbed to a nearly five-month high, extending a price rally that began earlier this month. The altcoin surged to $0.48 today, marking its highest level since December 2025.

At press time, ONDO had slightly pulled back to $0.44, though it remained up around 24.45% over the past day. The latest rally has erased all of the token’s early-2026 losses, with ONDO gaining roughly 70% over the past week alone.

Tokenization Bets Stack Up Behind ONDO

Market data showed the uptrend began at the start of the month. Momentum accelerated after two back-to-back developments boosted investor sentiment.

On May 4, the Depository Trust & Clearing Corporation (DTCC) named Ondo Finance to its tokenization working group. The group includes more than 50 financial firms.

Then, on May 6, Ondo, Kinexys by JPMorgan, Mastercard, and Ripple completed a cross-border pilot redemption of tokenized US Treasuries.

“This milestone marks the first time tokenized U.S. Treasuries have settled across borders and banks in near real time and outside traditional banking windows,” Ondo Finance wrote.

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Whale Wallets Keep Adding ONDO

The developments highlight that ONDO’s rally is driven by real catalysts, with on-chain whale behavior reinforcing the move. Santiment data showed that in the past month, whales holding between 1 million and 10 million ONDO grew their collective stash from 555.38 million to 594.05 million, adding roughly 38.67 million ONDO.

Holders in the 100,000–1 million range increased from 145.87 million to 154.95 million, adding about 9.08 million ONDO. The whales holding 10 million–100 million altcoins grew from 2 billion to 2.03 billion, roughly adding 30 million coins. 

Taken together, the three cohorts absorbed around 77.7 million ONDO over the month. Accumulation showing up across every tier, rather than just one, is a healthy distribution signal.

In addition, large holders typically invest with a longer-term outlook. As a result, continued accumulation instead of selling often signals growing confidence in ONDO’s medium-term prospects.

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DTCC’s tokenization service launches in October, with initial production trades penciled in for July. Therefore, the rollout could likely deliver additional tailwinds for ONDO in the months ahead.