ONDO Price Fluctuates 25.3% Amid Increased RWA Demand

The cryptocurrency market has been experiencing high levels of volatility in recent times, and ONDO is no exception. According to available data, the price of ONDO fluctuated by 25.3% over the past 24 hours.

This sudden surge in price can be attributed to increased market demand for on-chain real-world assets (RWA) following enforcement actions against Chinese brokers on May 22. The news triggered a rapid spike in the price of ONDO, which eventually peaked at $0.4754 before retreating to its current value of $0.3826.

While the short-term surge in price has attracted attention, market experts caution against profit-taking and potential unlock pressures. As the RWA narrative continues to gain traction, some analysts predict that if the price stabilizes above $0.41, it may subsequently test the $0.45-$0.50 range.