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Ondo Global Markets has onboarded over $300 million worth of stocks and ETFs onto the blockchain just one month after launch.
While the overall crypto market in September has looked gloomy, $ONDO has shown strong accumulation signals, raising hopes of reclaiming its all-time high.
The First Milestone for Ondo Global Markets
Ondo ($ONDO) has long been a prominent name in bond tokenization, with products such as OUSG and USDY. Ondo’s fund scale has reached around $1.4 billion in this segment, ranking second after Securitize ($2.72 billion).
As BeInCrypto reported, Ondo recently launched Ondo Global Markets. In less than a month, the platform recorded tokenized stocks and ETFs surpassing the $300 million mark. Several tickers, such as SPYon, IVVon, QQQon, TLTon, each exceeded $10 million.
With 103 tickers, Ondo holds a leading market share in this niche. Securitize is in second place, with nearly $250 million, but it only offers a single ticker.
In just a few weeks, the $300 million milestone is impressive, especially given that many other RWA players are still focused primarily on credit or treasuries and have yet to expand significantly into equities.
From a market narrative perspective, September might appear “bearish” when judged by overall crypto price movements. However, for $ONDO, this has arguably been the most bullish month in terms of fundamentals, with accelerating institutional inflows and rapidly growing product availability (tokenized equities) fueling stronger long-term sentiment.
Technical Analysis
On the technical side, several traders point to signals that a strong accumulation phase may have ended, as $ONDO’s chart forms a massive cup-base pattern. This setup could pave the way for a new upward leg with a projected gain of up to 70%.
In another analysis, large “whales” have accumulated $ONDO for months and reportedly aggressively defended the ~$0.84 support level. This behavior is often described as a “final shakeout” before a real rally if new demand flows in.
“This $ONDO dip won’t last long,” one trader commented.
At the same time, key levels have been highlighted. The $0.84–$0.86 range serves as the current accumulation zone. The short-term gateway for a retest of the ATH lies around $0.95–$1.00, while the psychological and technical zone of $1.10–$1.17 is the target if a breakout truly occurs.
$ONDO 1D chart. Source: Dami">
On the downside, a daily close below $0.84 would invalidate the accumulation structure and, as a contingency scenario, open the door to lower range levels at $0.71–$0.67.
The post Ondo Global Markets Crosses $300 Million Driving Accumulation Signs appeared first on BeInCrypto.