ONDO Whales Defy Token Unlock Fears with Aggressive Accumulation
ONDO has plummeted 65% since October as altcoins face relentless selling pressure. While bitcoin holds key levels, mid-cap tokens like ONDO struggle for demand, fueling bearish sentiment ahead of a critical 1.94 billion token unlock in January 2026.
CryptoQuant data reveals a counterintuitive trend: whales are absorbing supply during the downturn. "Smart money sees opportunity where retail sees risk," the report notes, highlighting accumulation patterns that often precede reversals. The unlock—typically a bearish catalyst—may instead mark a liquidity grab by institutional players.
Market structure appears bifurcated. Retail exits as Bitcoin stabilizes, while ONDO's on-chain metrics show whale wallets growing during price declines. This divergence sets up a potential inflection point—if accumulation continues, suppressed prices could ignite a violent squeeze when sentiment shifts.
