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Long-term ONDO whale sells $4.4M amid market dip as Ondo Finance launches private markets.

Market News
09 Oct 2026
AMBCrypto
View Source
Neutral
Long-term ONDO whale sells $4.4M amid market dip as Ondo Finance launches private markets.

A major ONDO investor sold 9 million tokens worth $4.4 million after five months of liquidity provision, signaling fear amid a crypto market downturn. Despite this, ONDO rebounded from $0.43 to $0.49, supported by Ondo Finance's launch of 24/7 Private Markets, which offer retail investors access to private companies in sectors like AI and biotech. However, technical indicators suggest the overall trend remains bearish, with potential for ONDO to either reclaim $0.50 or fall to $0.42 depending on buying momentum.

As of Oct 10, 2026 05:11 WIB, ONDO trades at Rp8,524 on Pluang, down 1.46% in the past day. Despite the recent whale sale noted in the article, Pluang data shows a strong buy interest with 68% of order activity favoring purchases and a typical hold time of 45 days. The market cap stands at Rp41.65 trillion, highlighting significant investor engagement even as the token navigates bearish technical signals.

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