Ondo Finance, the real-world property tokenization platform, is making ready for a serious unlock of its governance token.
In response to Tokenomist, Ondo Finance (ONDO) will unlock greater than 1.9 billion locked ONDO tokens on January 17, 2025, at 7 PM EST. The entire worth of the unlock, which accounts for a 134% inflow, is estimated to be price about $2.44 billion.
Tokenomist, beforehand TokenUnlocks, reveals ndicates that the upcoming ONDO launch can be divided into three key allocations:
Roughly 792 million ONDO (40% of the unlock) is allotted for ecosystem development, whereas round 825 million ONDO (42%) is earmarked for protocol improvement. The remaining tokens will go towards personal gross sales.
Big tokens unlocks usually see a bearish response from the market, which on this case may see ONDO worth dip.
The altcoin was buying and selling round $1.25, barely within the purple on the day, because the protocol moved nearer to the huge provide inflow. Nonetheless, ONDO’s worth rose alongside the broader market over the previous 12 months following its final token unlock. The cryptocurrency’s worth has surged 673% previously 12 months, climbing from lows of $0.26.
Ondo Finance has additionally recorded vital traction within the RWA market, with its Ondo U.S. Greenback Yield and Ondo Quick-Time period Authorities Bond Fund amongst tokenized treasuries property to push the market to over 100% up previously 12 months to $4 billion.
In response to DeFiLlama, the whole worth locked in Ondo Finance spiked from $192 million in January 2024 to a peak of $650 million in October. On the time of writing, the TVL stood at $543 million.
