Recently, an anonymous investor known as a crypto whale has caught the public's attention. The crypto whale bought Ondo Finance (ONDO) tokens worth $5.7 million (around IDR 81.3 billion).
Crypto Whale Activity
The massive purchase took place on May 16. A report from Lookonchain reveals that this crypto whale has embarked on a series of transactions that have had a huge impact on the market. Meticulously, he created a new wallet and withdrew 1,870.68 ETH from the Gemini crypto exchange. Then he bought 6 million ONDO tokens.
This investment is not only large in number, but also in impact. Analysts and industry watchers began speculating on the knowledge and strategy behind these investments, with some surmising insider information or a long-term vision of ONDO's potential in changing the decentralized finance (DeFi) landscape.
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Impact on ONDO Price
This investment immediately impacted the price of ONDO, which soared to levels never seen before. This crypto whale entered the market with an average price of $0.95 (around Rp13,500) per token, which then soared past $1 (around Rp14,400) and reached a peak at $1.04 (around Rp15,000). This shows investor confidence in the ONDO project and draws more attention into its ecosystem.
After the price surge, analysts and investors began to study the market dynamics and sentiment that drove this change. This strategic investment has pushed the price of ONDO close to its all-time high of $1.05 (approximately Rp15,120), which was previously recorded on March 31.
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ONDO Price Today
At the time of writing, 21/05/2024, ONDO is trading at a price of IDR 15,043. Based on data monitoring from Bittime, in a 4-hour timeframe, ONDO's price performance increased by 1.13%.
Source: Bittime
Conclusion
The crypto whale's strategic investment of $5.7 million (approximately Rp81.3 billion) into ONDO has created a new wave in the crypto market, bringing great optimism and growth potential to Ondo Finance.
Further developments will continue to be closely watched, with the hope that ONDO will continue to inspire and bring innovation in this dynamic DeFi space.
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How to Buy Ondo Finance (ONDO) on Bittime
You can buy and sell Ondo Finance (ONDO) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Ondo Finance (ONDO) is available on Bittime with the ONDO/IDR market pair. To be able to buy ONDO IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Ondo Finance (ONDO) on Bittime.
Monitor the price chart movements of Ondo Finance (ONDO), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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