Ondo Finance (ONDO) has extended its losing streak to Thursday, dropping below the critical $0.4000 mark as it faces mounting selling pressure. After experiencing three consecutive days of declines, ONDO has extended its correction from its May peak of $0.4877, raising concerns of a potential deeper correction. Ondo’s May rally fades as retail demand declines ONDO was one of the best performers earlier this month, recording massive gains. Its rally in the first week of May was largely driven by increasing retail interest, which helped push futures Open Interest (OI) to $245 million—its highest level since October.
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