- ONDO is one of the real-world asset (RWA) tokens drawing significant attention.
- Whale activity has spiked amid a wave of tokenization.
- Data indicates large investors are accumulating tokens such as Polymesh, Pendle and TokenFi.
Ondo Finance has climbed into the top 100 cryptocurrencies by market capitalization as momentum builds behind its native token, ONDO.
On Monday, March 25, ONDO reached a fresh all-time high of $0.9702. Intraday gains were about 15% at the time, while Ondo Finance’s token has risen more than 88% over the past week and over 116% in the last 30 days.
At the time of reporting, ONDO was trading around $0.8997.
ONDO surges amid whale activity
The real-world assets (RWA) sector is one of the most active areas in crypto today, with numerous projects rallying as interest and capital flood into tokenized financial products.
Large investors, often referred to as whales, have been aggressively adding to positions in RWA-linked tokens.
Ondo Finance’s expanding presence in the RWA ecosystem has drawn attention from these big holders. On-chain data shared by Lookonchain highlights substantial withdrawals of ONDO from centralized exchanges, including 6.53 million ONDO moved off Bybit last month and 2.9 million ONDO withdrawn from Gate.io more recently.
In February, Ondo Finance unveiled Ondo Global Markets, a platform designed to bring publicly traded securities on-chain and provide native access to traditional securities via tokenization.
The market also reacted to news tied to BlackRock’s USD Institutional Digital Liquidity Fund, which helped push ONDO higher; at one point the token jumped more than 40% on related headlines.
Beyond ONDO, several other RWA-focused tokens have seen strong investor interest. Centrifuge, Polymesh, Pendle and TokenFi are among the names attracting attention. Polymesh’s price climbed roughly 87% over the past week, while TokenFi rose about 160% in the same period.
According to CoinGecko data, the market capitalization for RWA tokens increased by more than 17% in the past 24 hours, surpassing $6.6 billion. Trading volume for the sector in the last 24 hours exceeded $1.16 billion, underscoring elevated market activity and liquidity in tokenized real-world assets.