• Ondo Finance is making waves, surging 30% as the total value locked on the platform blows past $1 billion!
• ONDO’s bullish run is showing no signs of slowing down, breaking through a key resistance point at $1.20, with some experts eyeing a potential climb to $2.14.
• The market cap is now a robust $3.514 billion, even with a significant 61.2% of ONDO tokens still locked up for another ten months.

Excitement is building around Ondo Finance’s token, ONDO, which has recently jumped by an impressive 30%! This surge in price comes hot on the heels of a major milestone: the platform’s Total Value Locked (TVL) has officially surpassed the $1 billion mark.

ONDO’s Price Rally Gains Momentum

ONDO is clearly on the move with strong upward momentum, capturing the attention of the market. This price action reflects growing enthusiasm and participation within the Ondo Finance ecosystem, known for its innovative approach to tokenized assets and structured finance solutions.

This latest price jump of around 30% is a strong signal of increased demand and buzz around the project. Market analyst Lucky pointed out a bullish flag pattern that formed in mid-2024, which acted as a springboard for this breakout. ONDO’s price climbed sharply before consolidating into what’s known as a bullish wedge flag.

Another significant breakout occurred near the $1.20 mark, with the next resistance level appearing around $1.48. Current projections suggest we could see a potential move upwards towards $2.14, especially if there’s a retest of the recent breakout level.

TVL Attains a  Key Milestone

In exciting news, Satoshi Club shared on X that Ondo Finance (ONDO) has officially reached a Total Value Locked of $1.005 billion! The market cap is currently sitting at $3.514 billion, and it’s worth noting that 61.2% of the ONDO supply is locked up, with unlocking scheduled in ten months. ONDO’s trading price is at $1.11, bringing its fully diluted valuation to a substantial $11.124 billion. Adding to the buzz, the 24-hour trading volume has spiked to $331.81 million, indicating a surge in activity compared to recent months.

A key driver behind ONDO’s positive price movement is undoubtedly the impressive growth in TVL, now hitting the $1 billion milestone. This increase in locked assets signals growing confidence and engagement with what Ondo Finance offers. Generally, a higher TVL is seen as a positive indicator of a project’s health and appeal, attracting even more eyes and participation.

Market analysts are even starting to speculate about potential price targets for ONDO in this market cycle, throwing out figures between $3 and $5. As ONDO continues to ride this wave of upward momentum, these exciting projections are definitely worth watching. The token’s recent price surge and that ever-growing TVL are setting the stage for potentially exciting performance in the period ahead.