ONDO Price Jumps 27% in a Day: Which Levels to Watch Next

The price moved faster than the explanation

ONDO traded near $0.55 at the time of writing. CoinMarketCap data showed a roughly 27% 24-hour gain, a 43% weekly rise and close to $1 billion in daily trading volume. The volume figure was several times higher than the previous day’s reading.

That is enough activity to show the move is drawing market-wide attention. It is not enough to identify one buyer, or to prove that one announcement caused the whole rally. ONDO had already begun recovering before the latest product news, and Ondo did not announce a change to the token’s supply or holder economics.

What Ondo actually launched

On September 24, Ondo introduced Intelligent Portfolios, a set of single onchain tokens that represent diversified portfolios of tokenized equities and ETFs. Rather than assembling positions one by one, eligible users can mint or redeem a token whose underlying allocation is rebalanced under defined rules.

The first three portfolios cover income, diversified growth ...