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Ondo hits 1M wallets but price drops 12% amid crypto sell-off, trading volume surges.

Technical Signals
29 Sep 2026
AMBCrypto
View Source
Bearish
Ondo hits 1M wallets but price drops 12% amid crypto sell-off, trading volume surges.

Ondo (ONDO) reached a milestone of one million wallets interacting with its tokenized stocks, ETFs, and Treasury products, signaling growing adoption of its real-world asset ecosystem. However, this achievement coincided with a broad crypto market sell-off causing ONDO's price to fall 12.09% to around $0.50, despite a 76.48% increase in trading volume. Market dynamics showed spot buyers absorbing supply while futures traders sold, creating price pressure. ONDO's price now tests a rising trendline support, with potential recovery targets near $0.52 and $0.54 if it can overcome ongoing futures selling pressure.

Ondo (ONDO) shows a slight decline on Pluang, down 1.54% to Rp9.123 with a market cap of Rp44,62 trillion. Buyers remain more active than sellers at 59% versus 41%, and typical holders keep their positions for about 45 days. These figures reflect ongoing market interest as of Sep 29, 2026 23:23 WIB.

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Ondo Finance's ONDO token drops 12% despite wallet interactions surpassing one million

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