Breaking down impact of $6.25M whale action on ONDO’s price – BitRss

• Whale’s move into ONDO ($1.00) signaled growing market interest, with key support and resistance levels to watch.
• Liquidation trends suggest a bearish sentiment, with more long positions being forced out than short ones.

A major whale recently made waves in the Ondo [ONDO] market, selling its $PEPE ($0.00) and $BEAM ($0.03) holdings for $6.25 million DAI ($1.00) and incurring a $14.14 million loss.

However, the whale’s next move sparked intrigue—purchasing $5.34 million DAI worth of ONDO at an average price of $1.17. 

At press time, ONDO was trading at $1.11, reflecting a 10.16% increase in the last 24 hours. Is this a sign of ONDO’s impending surge, or will the whale’s bold gamble result in more losses?

Address stats analysis: Growing interest in ONDO

Recent data shows a 15.39% increase in new addresses over the last seven days, highlighting growing interest in the token. Active addresses have risen by 36.14%, underscoring increasing user participation in the ecosystem.

Additionally, there has been a 27.05% rise in zero-balance addresses. This indicates that more users are engaging with ONDO, even if they are not yet holding significant amounts.

These figures suggest that ONDO is gaining traction and could see continued market gro…