Ondo Finance (ONDO) hits key milestone amid soaring investor interest

Ondo Finance (ONDO) attracted investor attention since its early 2024 strategic moves, adding between 100 and 300 new daily users.

The gradual upward trend saw the number of ONDO holders reaching 4,875 on 26 February. The growth accelerated in March’s final week.

Ondo Finance addresses surged to the 10,000 mark on 25 March, attaining a vital milestone. The altcoin’s investor community more than doubled within a month.

ONDO’s bullishness attracts investors

The massive increase in token holders comes as the altcoin recorded impressive price surges in its 30-day price chart. A 125% monthly gain propelled Ondo to $0.9156 at press time.

That reflected immense momentum from the 19 March price tag of $0.40 per token.

However, ONDO flashed bearishness during this publication, losing 0.35% within the previous day. Moreover, the MVRV ratio surged to 3.57 from 1.39, signaling potential retracements before upside resumption.

Whales optimistic on ONDO’s rally

Large-scale cryptocurrency investors have shown interest in Ondo Finance over the previous month. That comes as the RWA tokenization narrative gains ground.

These entities seem to trust Ondo Finance’s strengthening user base and interest from crypto whales cements its position in the real-world asset tokenization sector.

That will likely translate to massive price growth for ONDO in the upcoming months, steadying past the $1 mark.