Coinbase-backed Ondo Finance just lately piqued vital investor curiosity, securing a serious spot market itemizing on a globally famend CEX. Notably, ONDO token worth rallied almost 8% in tandem with the itemizing’s surfacing, inflicting a flurry of discussions amongst crypto market individuals. OKX, the Seychelles-headquartered crypto change, just lately made an official announcement about its plans for itemizing the token.
Here’s a short report on the announcement that quickly gained substantial traction as a result of crypto’s worth rally.
OKX Unveils Listing On Spot Market
As per an official press launch dated July 29, OKX revealed that it’s going to listing Ondo Finance token on its spot market pegged to the USDT pair (ONDO/USDT). Starting as we speak, 8 AM UTC, the abovementioned pair is to begin buying and selling on the crypto platform. Meanwhile, deposits for a similar had been opened at 7 AM UTC, per the official announcement.
Ondo Finance is a DeFi platform providing seamless RWA (real-world property) tokenization. The mission’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
Meanwhile, the token’s worth continued pumping, igniting additional optimism because the spot itemizing paves the highway for extra money influx to the coin’s ecosystem.
Also Read: Peter Schiff Decodes ‘Flawed’ Logic of Bitcoin Going to Millions Per Coin
ONDO Price Rallies
As of writing, the ONDO worth soared 7.68% and traded at $1.04. The token’s 24-hour lows and highs had 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 as we speak, 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 12 months with the Wormhole and UXLINK listings on OKX, the tokens’ costs steadily elevated, though market bears finally offered 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.
Also Read: BlackRock Confronts Crypto Scams After Ethereum ETF Launch, What’s Happening?
The offered content material could embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.
