ONDO draws whale investors: Is a major price surge coming?

Quick Summary:

ONDO remains a key attraction for whale investors, with notable players in the cryptocurrency space significantly increasing their holdings.

The rising accumulation by whales, combined with a tightening supply driven by spot traders, is set to create upward pressure on ONDO’s price.

Spot traders are reducing the amount of ONDO available on exchanges, as the Exchange Netflow for the token has turned negative according to Coinglass.

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Article Details

Author / Journalist: Olayiwola Dolapo

Category: Crypto

Markets: United StatesSouth Korea

Topics: Ambcrypto Trading View Altcoin News 1 Social News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 06:00:43 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 597 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23914062

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 22 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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