ONDO Massive Unlocks: Life or Death Situation! 134% Circulating Supply Dump, Risk Maxed Out on Tuesday

Major risk warning in the crypto space: RWA leader ONDO is set to experience an epic massive unlock this Tuesday!
The unlock involves as many as 1.94 billion tokens. Based on the current price of $0.277, the unlock market cap exceeds $530 million, which is 134% of the current circulating supply. The massive sell pressure is imminent, putting significant pressure on the market.

Looking back at historical trends, a mere $737 million unlock in January caused a 25% price crash. Even with a record high TVL of $2.63 billion at that time, it couldn't prevent early chip sell-offs.

This time, the negative environment is even more severe, with almost no safety buffer:

• On-chain fundamentals are bleak, with only 350 daily active users (MAU), indicating extremely weak real user support

• The contract market is crowded with longs, with a long-short ratio of 1.83. A dump could easily trigger a chain reaction of long liquidations

• Simultaneous large unlocks of ARB, ZK series tokens, along with macro shocks from the FOMC meeting minutes, have severely limited market liquidity

Key reference points:

• If the price effectively breaks below the strong support at $0.27, the next target is directly at $0.24

• If the $0.27 level holds, it indicates the market is gradually digesting the massive negative news, and signs of stabilization can be observed

Reminder to all crypto friends: in the face of massive unlocks, do not blindly buy the dip. Be sure to strictly control your position risk!
Risk warning: This article does not constitute investment advice. Cryptocurrency trading involves high risk. Please participate rationally.