Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

ONDO rallies 7% as exchange supply declines and social rises

Source Fxstreet

ONDO added 7% to its value on Saturday amidst rising mentions on social media from market participants.
The DeFi token’s exchange supply hit its lowest level in 2024.
On Friday, a whale withdrew nearly $6 million in Ether to buy ONDO, ahead of the rally.

ONDO, a DeFi token added 7% to its value on Saturday as the asset featured in higher number of discussions on social media platforms. Crypto intelligence tracker Santiment tracks the metric social dominance and helps identify the assets that are gaining traction among traders.

A large wallet investor withdrew Ethereum and bought ONDO on Friday, ahead of the DeFi token’s price gains.

ONDO price rallies amidst dwindling exchange supply

ONDO gains relevance among traders as more participants seek risk-isolated, fixed yield loans backed by yield-generating cryptocurrencies. The social dominance of the DeFi token surged to its 2024 peak on Saturday, as seen on crypto intelligence tracker Santiment.

ONDO

ONDO social dominance

Another key on-chain metric, supply on exchanges shows that ONDO supply is at its lowest level in 2024. Exchange supply helps identify the selling pressure on the asset, higher the exchange supply, higher the likelihood of tokens being sold for profits. This negatively influences prices.

ONDO supply on exchanges has consistently declined in 2024.

ONDO

ONDO supply on exchanges

Data from crypto intelligence tracker Lookonchain shows that a while withdrew nearly $6 million in Ether from an exchange and used it to buy ONDO, on Friday. The whale was likely preparing for the ONDO price rally.

Someone created a new wallet 27 hours ago and withdrew 1,870.68 $ETH($5.7M) from #Gemini.

Then he spent the 1,870 $ETH($5.7M) to buy 6M $ONDO at an average price of $0.95 in the past 27 hours.

Does this guy know something that we don't?https://t.co/3ZQ6s6SnVM pic.twitter.com/G1udIF8Mhw
— Lookonchain (@lookonchain) May 17, 2024

At the time of writing, ONDO is trading at $1.016, as seen on Binance, up 7% on the day.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changed Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Author Irene Q.

Sep 23, Wed

Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Strong profits, falling shares: bank earnings day one meets a memory-chip rout — with CPI and ASML ahead Goldman Sachs blew past estimates (EPS $17.01 vs $13.09 expected, profit +33%) while JPMorgan missed ($5.75 vs $5.93) and Wells Fargo fell 3% — yet the S&P 500 finished flat at 7,805.45, pinned below its record close as a memory-chip rout (SOX −2.67%, Micron under $1,000) kept the pressure on. Tonight brings the week's decider: US September CPI at 8:30 ET, then Bank of America, Morgan Stanley, BlackRock and ASML before the open. Here are the levels, both cases, and the watch list.

Author Irene Q.

Oct 14, Wed

Goldman Sachs blew past estimates (EPS $17.01 vs $13.09 expected, profit +33%) while JPMorgan missed ($5.75 vs $5.93) and Wells Fargo fell 3% — yet the S&P 500 finished flat at 7,805.45, pinned below its record close as a memory-chip rout (SOX −2.67%, Micron under $1,000) kept the pressure on. Tonight brings the week's decider: US September CPI at 8:30 ET, then Bank of America, Morgan Stanley, BlackRock and ASML before the open. Here are the levels, both cases, and the watch list.

US September CPI recap: inflation hits 3.7% as core runs hot — is an October Fed hike back on the table?September CPI landed hot: headline 3.7% y/y, core 2.6% y/y and 0.3% m/m. October hike odds jumped from ~22% to ~37% — yet the dollar faded to 101.74, gold closed higher and the S&P 500 fell 1.11%. Here is the full repricing, the levels and what to watch next.

Author Irene Q.

Yesterday 05: 52

September CPI landed hot: headline 3.7% y/y, core 2.6% y/y and 0.3% m/m. October hike odds jumped from ~22% to ~37% — yet the dollar faded to 101.74, gold closed higher and the S&P 500 fell 1.11%. Here is the full repricing, the levels and what to watch next.

Gold defends $4,100 as BofA targets a break below $4,000 — why the Middle East bid is missing Spot gold flushed to $4,099.89, a whisker above October's $4,090 low, then rebounded to close at $4,138.25 (+0.82%) — even as US CPI ran hot. Bank of America sees gold below $4,000 within three months, citing shrinking demand and official-sector selling. Here are the levels, the drivers and what would flip the script.

Author Irene Q.

Yesterday 06: 57

Spot gold flushed to $4,099.89, a whisker above October's $4,090 low, then rebounded to close at $4,138.25 (+0.82%) — even as US CPI ran hot. Bank of America sees gold below $4,000 within three months, citing shrinking demand and official-sector selling. Here are the levels, the drivers and what would flip the script.

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 15, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 15, 2026. Read on for the details.

Author Mitrade

58 mins ago

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 15, 2026. Read on for the details.

Popular Symbols