Ondo Finance’s native token has garnered noteworthy investor consideration amid the broader market’s current restoration. Today, the coin’s value soared almost 30%, sparking optimism additional supported a serious perpetual futures market itemizing. OKX, considered one of Asia’s main crypto exchanges, revealed perpetual futures market itemizing for the RWA token immediately. This itemizing ignited vital optimism, paving the way in which for potential upside momentum forward with new cash influx into the token’s ecosystem.
OKX Unveils Perpetual Futures Market Listing
According to an official launch dated August 6, OKX is about to listing the token on its perpetual futures market immediately at 10:30 AM UTC. The itemizing paves the way in which for platform customers to partake in futures buying and selling the asset with as much as 50x leverage.
Further, the announcement additionally revealed that spot margin buying and selling and ‘Simple Earn’ for the token will begin immediately at 10:00 AM UTC. These listings supply the RWA token enhanced person attraction on the platform, probably injecting extra money into its ecosystem.
As seen beforehand with quite a few perpetual listings, reminiscent of Coinbase’s bulletins on PEPE, MKR, and AAVE, amongst many others, market sentiments often stay optimistic with such optimistic information. Meanwhile, it’s additionally value noting that on-chain information by Arkham signifies BlackRock BUIDL fund’s large $8.1M token switch to Ondo Finance over the previous day, including a layer of intrigue to the worth actions following the current market crash.
Also Read: US Commences $50B Treasury Buyback, 50 bps Fed Rate Cut Odds Surge
ONDO Price Rallies
As of writing, the ONDO value gained 32.78% previously 24 hours to succeed in $0.7134. Its 24-hour bottoms and peaks had been registered as $0.5056 and $0.75, respectively. Today’s outstanding pump comes towards the backdrop of the broader crypto market recovery alongside Japan’s Nikkei and Topix, each gaining 12%.
Further, the derivatives information provided by Coinglass underscored a robust uptrend for the token immediately. The RWA token‘s open curiosity surged 40.32% to $88.38 million, additional accompanied by a derivatives quantity upswing of twenty-two.15% to $832.87 million. This information spotlighted elevated investor enthusiasm surrounding the token.
Also, the RSI rested alongside the 26 mark, indicating that the asset is within the oversold territory. This additional paves the way in which for potential shopping for from buyers, sparking further optimism on value actions.
Also Read: WazirX Discloses Important Update Amid Rising Customer Pressure
Coingape Staff
CoinGape includes an skilled workforce of native content material writers and editors working around the clock to cowl information globally and current information as a truth quite than an opinion. CoinGape writers and reporters contributed to this text.
Disclaimer: The introduced content material might embody 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 duty on your private monetary loss.
