ONDO cryptocurrency has experienced a significant price surge, reaching a three-week high of $1.06 on Wednesday morning, marking a 17% rally from its lowest point on Monday. The token broke out of a multi-month triangle pattern, representing its most substantial breakout attempt in the last eight months, though it retreated to the $1 level by press time.
The rally appears fundamentally supported by Ondo Finance's remarkable growth in tokenized assets. The protocol announced that its Ondo Global Markets platform surpassed $100 million in total value locked (TVL) within just one week of launch, making it the largest platform for tokenized stocks and ETFs. Overall, Ondo Finance's TVL reached a new all-time high of $1.50 billion, nearly tripling from its January 2025 low of $548 million.
Institutional partnerships have been a key driver of this growth. Ondo Finance revealed that its OUSG fund is the sole anchor and largest investor in Fidelity's new tokenized fund, Fidelity Digital Interest Token (FDIT). The protocol also maintains exposure to BlackRock's BUIDL fund and other traditional finance giants including WisdomTree, Franklin Templeton, and Wellington Management.
On-chain metrics support the bullish momentum with trading volume jumping 125% to $408 million and active addresses increasing from 1.8k to 2.5k. The Buy/Sell Delta showed a positive $3.15 million favoring buyers, while RSI strengthened from 49 to 59, indicating growing bullish momentum.
However, a significant risk remains on the horizon. The next token unlock event scheduled for January 2026 will release nearly 2 billion new ONDO tokens into circulation, potentially creating substantial selling pressure and price pullback concerns despite current positive momentum.