ONDO crypto dropped 12% in a single day despite crossing the one-million-wallet milestone across its tokenized assets, including stocks, ETFs, and U.S. Treasury products. This adoption record came amid a broader crypto market sell-off, with approximately $531 million in crypto positions facing liquidations over 24 hours. ONDO’s price approached the $0.50 level while trading volume surged 76.48%. Spot market buyers continued absorbing available supply, unlike futures traders who dominated bearish positioning. Defending the ascending trendline and reclaiming the $0.52 support remain critical for keeping the bullish recovery intact.
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