Ondo Global Markets has onboarded over $300 million worth of stocks and ETFs onto the blockchain just one month after launch.
While the overall crypto market in September has looked gloomy, ONDO has shown strong accumulation signals, raising hopes of reclaiming its all-time high.
SponsoredThe First Milestone for Ondo Global Markets
Ondo (ONDO) has long been a prominent name in bond tokenization, with products such as OUSG and USDY. Ondo’s fund scale has reached around $1.4 billion in this segment, ranking second after Securitize ($2.72 billion).
As BeInCrypto reported, Ondo recently launched Ondo Global Markets. In less than a month, the platform recorded tokenized stocks and ETFs surpassing the $300 million mark. Several tickers, such as SPYon, IVVon, QQQon, TLTon, each exceeded $10 million.
With 103 tickers, Ondo holds a leading market share in this niche. Securitize is in second place, with nearly $250 million, but it only offers a single ticker.
In just a few weeks, the $300 million milestone is impressive, especially given that many other RWA players are still focused primarily on credit or treasuries and have yet to expand significantly into equities.
From a market narrative perspective, September might appear “bearish” when judged by overall crypto price movements. However, for ONDO, this has arguably been the most bullish month in terms of fundamentals, with accelerating institutional inflows and rapidly growing product availability (tokenized equities) fueling stronger long-term sentiment.
SponsoredTechnical Analysis
On the technical side, several traders point to signals that a strong accumulation phase may have ended, as ONDO’s chart forms a massive cup-base pattern. This setup could pave the way for a new upward leg with a projected gain of up to 70%.
In another analysis, large “whales” have accumulated ONDO for months and reportedly aggressively defended the ~$0.84 support level. This behavior is often described as a “final shakeout” before a real rally if new demand flows in.
“This $ONDO dip won’t last long,” one trader commented.
At the same time, key levels have been highlighted. The $0.84–$0.86 range serves as the current accumulation zone. The short-term gateway for a retest of the ATH lies around $0.95–$1.00, while the psychological and technical zone of $1.10–$1.17 is the target if a breakout truly occurs.
On the downside, a daily close below $0.84 would invalidate the accumulation structure and, as a contingency scenario, open the door to lower range levels at $0.71–$0.67.
