ONDO increased 34% over the past 7 days, retail investors are all shouting "RWA sector is about to take off." But today's data is interesting—Ondo, JPMorgan, Mastercard, Ripple announced on May 6th the completion of their first tokenized Treasury settlement, and as of today, the 24-hour increase is only 1.4%. The previous 5 days rose 33%, and after the announcement, the 24-hour increase was 1.4%—a classic "sell the news" pattern.


Let's do some real business calculations. Ondo's TVL is about $3 billion, which sounds significant, but the total global US debt is over $50 trillion, with a market share of 0.006%. The "60% tokenized stocks market share" in absolute value is still in the millions of dollars.
Partnership announcements ≠ large-scale adoption. Next time you see "X has a big partnership with Y," check the price increase in the week before the announcement—if it rose over 30%, you're just catching a pre-arranged move by others.
#Gate广场五月交易分享 $ONDO $BTC
ONDO-0.71%
BTC0.59%
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