Top RWA crypto, Ondo Finance, is set to face a devastatingly big unlock Tomorrow, but can Trump crypto plans next week save ONDO price from mass sell-off?
This coming Saturday (January 18), we will see the largest token unlock in history for the leading RWA project, Ondo Finance . The unlock in question will see 1.94 billion ONDO tokens enter the circulating supply, currently valued at around $2.4 billion.
The unlock represents roughly 135% of the current market cap of ONDO, which sits at $1.8 billion, per CoinGecko.
Now, the question on everybody’s mind is how ONDO will react to the unlock. The obvious conclusion is that there will be a significant sell-off due to the sheer amount of tokens entering the open market.
$ONDO has a huge unlock tomorrow. +134% of market cap.
Be real careful here ifbyou hold alot of ONDO. My bag of ONDO is not that big right now. #Crypto RWA flagship.
Not financial advice https://t.co/V96U1FvRx3 pic.twitter.com/hKy7xOuXgd
— Seth (@seth_fin) January 16, 2025
ONDO Price Action On Lead Up To Its Biggest Ever Unlock: Bullish Or Bearish?
Over the past week, during the lead-up to Saturday’s unlock, ONDO has been showing signs of stability. It has ranged between $1.1 and $1.3, which is impressive considering the volatility across the wider market. One thing of interest is the increase in trading volume in the build-up to the unlock.
The trading volume surged from $185 million on January 15 to $283 million on January 16, indicating a spike in market activity as some holders are potentially panic selling as Saturday looms closer. With such an increase in activity for ONDO, it is quietly bullish that any sales were seemingly bought up as the price has held its tight range throughout.
On-chain intelligence firm Glassnode also showed an increase in active addresses from 5,000 to 7,000 within the same timeframe, adding confluence to the theory of increased market participation and potential profit-taking by early investors.
What Could Be In Store For ONDO Price Post Saturday’s Unlock?
ONDO’s Relative Strength Index (RSI) has moved from 65 to 58. This indicates a move from overbought to a more neutral position. This would suggest a further price correction is incoming, likely heightened by the uncertainty surrounding the token unlock.
However, there are two key things to consider here. One is the old adage, ‘buy when others are fearful.’ ONDO is a serious blue-chip RWA project that already has partnerships with BlackRock regarding its BUIDL fund. Donald Trump’s World Liberty Financial DeFi project also holds six ONDO figures.
This brings me to the second key point when considering ONDO price movement in a post-token unlock world. Donald Trump officially takes office as President of the US in three days’ time. He has stayed consistent when saying that crypto firms based in the US will receive favourable terms than those outside his domain.
Yesterday, reports began circulating that Trump is considering an alt-coin strategic reserve for US-based tokens. This would include the likes of SOL, XRP, USDC and ONDO. Whether this happens or US investors of these tokens are treated favourably from a tax standpoint, holding ONDO during a Trump presidency looks like a smart move.
*TRUMP 'RECEPTIVE' TO IDEA OF RESERVE WITH COINS FOUNDED IN US: NYP pic.twitter.com/DYvXdECAuQ
— db (@tier10k) January 16, 2025
Verdict on ONDO Unlock: Slurp Any Short-Term Dips
Watch out for short-term fluctuation over the next few days, as weekends are generally plagued by lower liquidity and higher volatility. Add a multi-billion dollar token unlock into this, and there will likely be some shenanigans on the charts in the coming days.
However, any significant dips on ONDO should be for buying due to Trump’s upcoming inauguration and Ondo Finance already being the premier RWA project on the market.
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