Coinbase-backed Ondo Finance not too long ago piqued important investor curiosity, securing a significant spot market itemizing on a globally famend CEX. Notably, ONDO token worth rallied practically 8% in tandem with the itemizing’s surfacing, inflicting a flurry of discussions amongst crypto market individuals. OKX, the Seychelles-headquartered crypto change, not too long ago made an official announcement about its plans for itemizing the token.
Right here’s a short report on the announcement that quickly gained substantial traction because of the crypto’s worth rally.
OKX Unveils Itemizing On Spot Market
As per an official press launch dated July 29, OKX revealed that it’ll listing Ondo Finance token on its spot market pegged to the USDT pair (ONDO/USDT). Beginning immediately, 8 AM UTC, the abovementioned pair is to begin buying and selling on the crypto platform. In the meantime, deposits for a similar have been opened at 7 AM UTC, per the official announcement.
Ondo Finance is a DeFi platform providing seamless RWA (real-world belongings) tokenization. The undertaking’s tokenomics and distribution plans embrace:
- 5.21 billion- ecosystem progress
- 3.3 billion- protocol improvement
- 1.29 billion- non-public gross sales
- 198 million- neighborhood entry sale
In the meantime, the token’s worth continued pumping, igniting additional optimism because the spot itemizing paves the highway for more cash influx to the coin’s ecosystem.
Additionally Learn: Peter Schiff Decodes ‘Flawed’ Logic of Bitcoin Going to Millions Per Coin
ONDO Value Rallies
As of writing, the ONDO worth soared 7.68% and traded at $1.04. The token’s 24-hour lows and highs have been evaluated to be $0.9639 and $1.05, respectively.
Derivatives information by Coinglass revealed a big 10.52% surge within the Ondo Finance futures OI to $146.88 million immediately, underscoring additional cash influx for crypto. Coupled with the abovementioned itemizing chronicle, latest market stats have made market sentiments take an optimistic shift.
Intriguingly, as seen this yr with the Wormhole and UXLINK listings on OKX, the tokens’ costs progressively elevated, though market bears finally introduced volatility. Nonetheless, the listing-birthed optimism persists, whereas some upcoming OKX listings embrace Pikamoon, KAI, and Mallconomy, amongst many others, as spotlighted by CoinGape Media.
Additionally Learn: BlackRock Confronts Crypto Scams After Ethereum ETF Launch, What’s Happening?
The introduced content material could embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.
✓ Share: