Ondo’s ONDO token is trading near $0.429 on the Oct. 15 daily chart, down about 3.7% on the session after opening near $0.445 and touching a high around $0.447. The token fell as low as $0.423 before recovering slightly, retreating sharply from its late-September peak near $0.60.
The move appears largely market-driven rather than tied to negative project-specific news. Hotter U.S. inflation data triggered a risk-off move across crypto, and nearly $959.43 million in crypto positions were liquidated over 24 hours. About $879.71 million came from long positions, compared with $79.72 million in shorts. Over four hours, liquidations reached $521.99 million, with nearly $491 million from bullish positions. Smaller altcoins such as ONDO can react more sharply during these events as forced selling in Bitcoin and Ethereum leads traders to cut exposure across the wider market.
ONDO has returned to the broad $0.42-$0.48 zone, which acted as resistance several times earlier this year before September’s breakout. Bulls now need to show that old resistance can act as support. If $0.42 fails, the next levels to watch are $0.40 and then the longer-term trendline near $0.35-$0.37. On the upside, ONDO first needs to recover $0.45-$0.48, with $0.50 next and a major high at $0.6073. Momentum has weakened: the daily RSI is 42.26, below the neutral 50 level but above oversold territory, while the MACD line is near 0.0053, below the signal line near 0.0169, with a histogram around -0.0115.
Despite the pullback, Ondo’s business continues to expand. Earlier this month, Ondo launched Ondo Private Markets, giving eligible investors 24/7 exposure to private companies and expanding its tokenized-markets business beyond public stocks, ETFs and Treasury products. Ondo also became the first tokenization company to join DTCC’s Fund/SERV network through its Oasis Pro Markets subsidiary. Fund/SERV processes more than 85% of U.S. mutual fund transaction activity, giving Ondo a direct link to infrastructure already used by traditional fund distributors. Total value locked across Ondo products is now above $4 billion, up from about $1.95 billion at the start of the year, while Ondo Global Markets alone has passed $1 billion in assets.
In a separate development, Ondo announced the launch of its OpenAI Exposure Note (OPAIPon), marking the first pre-IPO asset from Ondo Private Markets. The note is tokenized on Ethereum and carries a reported market cap of $19.1 million. Trading volume remains absent so far, indicating a cautious approach from traders, but the listing has sparked discussion around the viability of pre-IPO tokenized investment vehicles. The strategic move positions Ondo at the forefront of the tokenized asset trend and could attract interest from both retail and institutional investors.
