Binance News: ONDO Cryptocurrency Faces Significant Price Drop Amid Broader Economic Pressures, But Shows Signs of Recovery

ONDO Price Plummets 60%, Investors Hope for Recovery

The ONDO price has struggled under broader economic pressures, including Trump’s tariff war, NATO tensions, and rising global bond yields. While the past week showed promising upside attempts, the price has declined significantly. However, there has been some relief in recent hours, with a bounce from $0.74 and a 25.27% surge in trading volume to $320 million, sparking hopes of a recovery. Today’s rebound confirms the lower support of a descending channel that has dictated price movements throughout the decline.

Longling Capital Makes New ETH Withdrawals After Major Liquidation

Longling Capital, a notable crypto player, recently withdrew 10,001 ETH worth $19.16 million from Binance. Prior to this, the company transferred 21,000 ETH worth $38.81 million to the exchange. This rapid fund transfer garnered investor attention and sparked discussions about potential trading activities or strategic shifts in the market. In June 2022, Longling Capital experienced a significant liquidation of 93,793 ETH worth $114 million due to high leverage positions in volatile markets.