ONDO captured 12% of the RWA market – And investors noticed
ambcrypto.com
28 September 2026 15:00, UTC
While most of the established coins crashed in the last 24 hours, $ONDO did the opposite. The altcoin extended its bullish streak, rising 13% to flip the $0.6 resistance for the first time since November 2025.
The surge was backed by a 92% jump in the trading activity, reflecting strong market participation.
What’s behind $ONDO’s bullish stretch?
$ONDO rallied as the RWA sector saw increased capital rotation. Amid the sector-wide pump, chatter has placed $ONDO as the likely biggest winner of the RWA cycle.
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In fact, the total value of RWA sits around $38.5 billion. Out of this, $ONDO takes $3.9 billion, or 12%, only second to Securitize, which holds $4.7 billion.
Source: RWA.XYZ
The ecosystem expansion has also captivated the market’s attention.
Giannis Andreou noted that $ONDO made a major move connecting to Wall Street fund infrastructure. $ONDO’s Oasis Pro markets became the first tokenized platform to join DTCC’s Fund/SERV network.
According to Andreou, this is significant since Fund/SERC sits behind more than 85% of U.S. mutual fund transaction activity. The platform connects crypto with the already existing TradFi infrastructure.
Profit taking follows suit
With $ONDO surging to November 2025 levels, holders rushed to take profit. On the 28th of September, Spot Netflow jumped to $2.1 million, marking an increase from $1.8 million the previous day.
Source: Coinglass
Such a strong jump on Netflow suggested that investors increased their exchange deposits relative to withdrawals.
Usually, such a market approach during an uptrend points to profit realization. Often, the behavior has preceded price drops as pressure intensifies, which explains the pullback from $0.6.
What’s next?
Structurally, $ONDO is strongly bullish despite the rising profit realization, as noted by the RSI Divergence, which held positive at 3.9 despite declining.
Source: TradingView
At the same time, the Relative Vigor Index sat above its signal line, which validated this structural strength. However, both RVGI and RSI Divergence are declining, reflecting profit-taking currently happening in the market.
Under these circumstances, if profit-taking continues, it is likely to revisit $0.51. However a cool down in this aspect, backed by growing ecosystem, the altcoin ability to reclaim $0.6 and target $0.68 in the short term remains intact.
Final Summary
$ONDO surged 13%, to a 10-month high of $0.60, then retraced to $0.57 at press time.
Ondo rallied, driven by strong RWA capital rotation and ecosystem expansion as the institutional era of tokenization gains momentum.