ONDO Breaks Bullish Pennant as TVL Hits Record $1.5B, Signaling Strong Recovery Momentum
ONDO surged 12% to $1.06 intraday after breaking out of a bullish pennant formation, indicating potential recovery from August's 9% decline. The rally coincides with ONDO Finance's total value locked (TVL) surpassing $1.5 billion—a historic milestone driven by its innovative tokenized securities platform.
Ondo Global Markets has attracted $105 million in TVL within just one week of launch, establishing itself as the premier venue for tokenized U.S. stocks and ETFs. Reduced sell pressure from staking activity combined with renewed whale accumulation—as tracked by Santiment—creates favorable conditions for sustained upward momentum.