ONDO price drops 4% as community mourns Nathan Allman’s death

• Ondo Finance token is down 4% after Nathan Allman’s death announcement.
• Ian De Bode officially takes over as Ondo Finance CEO.
• Ondo TVL holds above $2.67 billion amid market uncertainty.

ONDO token fell nearly 4% over the past 24 hours after news emerged that Ondo Finance founder Nathan Allman had passed away unexpectedly.

The token traded around $0.421 at the time of writing, down from an intraday high of $0.444.

Trading activity also increased sharply, with daily volume climbing to more than $229 million as investors reacted to the development.

The decline interrupted what had been a strong recovery period for ONDO.

The token had gained close to 62% over the past 30 days, supported by growing interest in real-world asset (RWA) tokenisation and expanding institutional involvement in blockchain-based financial products.

What caused Nathan Allman’s death?

Ondo Finance confirmed that Nathan Allman died unexpectedly on May 26, 2026. However, the company did not disclose the cause of death.

The lack of details led to widespread speculation across the crypto community, though Ondo leadership requested privacy for Allman’s family and close associ...