ONDO's Absorption Phase Begins

The unlock is done. Now comes the real test—market absorption.

ONDO is currently trading around $0.34, down 11% since the weekend. With nearly 1.94 billion tokens now circulating, we're entering a critical period where institutional participation becomes the key variable.

The good news? TVL remains robust at $2.02 billion, signaling underlying strength in the ecosystem.

Here's what matters: the "institutional floor" will determine if this sell pressure finds support or if it becomes a deeper correction. Smart money accumulation at these levels could shift momentum quickly, but for now, the market is still digesting the supply shock. The next move depends on whether large players see value or wait for further capitulation.