Ondo Finance (ONDO) Sees Explosive Surge in New Addresses, 1.44k Reached

• Ondo Finance records 1.44k new addresses on January 13, 2025.
• Ondo’s price rises to $1.5545, driven by token unlock and demand.
• Smart money investors push Ondo’s growth, signaling positive trends.

Ondo Finance has caught the market’s attention with a dramatic rise in new addresses and token value. A major token unlock, political connections, and smart investor involvement are fueling this impressive growth.

Ondo Finance records surge in new addresses

Ondo Finance has seen a surge in user activity, as new addresses spiked to 1.44k on January 13, 2025. This sharp increase in new users reflects growing interest in the project. The surge in adoption signals a potential shift in the market’s attention toward Ondo Finance.

The spike in new addresses was captured by the data analytics firm IntoTheBlock. The increase in the project’s user base coincides with a significant rebound in its token price. Ondo Finance saw its price rise from a low of $1.0872 to $1.5545 following a major token unlock.

The surge in price followed the release of over 3 billion tokens, expanding the circulating supply to 3.15 billion. These tokens were allocated to private sales, ecosystem growth, and protocol development. Ondo Finance will conduct similar unlocks in the coming months, which could impact its market dynamics.

In addition to the supply increase, the rise in price is attributed to various market factors. Notably, the connection between Ondo Finance and political events, such as its ties to Donald Trump’s administration, has attracted attention to the token. Trump’s support and the potential approval of an Ondo Finance ETF could fuel the token growth.

Moreover, Ondo Finance’s price rally could be linked to broader economic factors such as high inflation in the wake of Trump’s policies which may drive the Federal Reserve’s hawkish stance. As bond yields rise, products like the platform’s stablecoins become more attractive to investors seeking high returns.

The surge in activity and rising token price has attracted the attention of smart money investors. The number of smart money holders in Ondo has reached a record 50. These investors are often seen as more sophisticated, which may signal a positive sentiment.

Price Action and Technical Outlook

Ondo Finance’s technical outlook also supports the bullish sentiment. The recent formation of a falling wedge pattern suggests a potential breakout. The price target, based on this pattern, points to $1.90, which would indicate a significant upward movement.

Ondo Finance (ONDO) Sees Explosive Surge in New Addresses, 1.44k Reached 3

The formation of a cup and handle pattern on the daily chart further supports the bullish case for Ondo. This pattern is typically a signal of continuation after a period of consolidation. As a result, many market participants expect the price to rise toward $2.14, the highest level in December 2024.

The project’s strong technical indicators suggest further price appreciation in the coming weeks. However, investors should remain cautious and watch out for market volatility that could impact its trajectory.