Ondo Finance is set for a significant unlock of its governance token, a move that could reshape market dynamics.
ECNETNews reports that Ondo Finance (ONDO) plans to release over 1.9 billion locked ONDO tokens on January 17, 2025, at 7 PM EST. This unlock represents a staggering 134% increase in supply, with an estimated total value of approximately $2.44 billion.
The forthcoming ONDO release will be strategically allocated as follows:
About 792 million ONDO (40% of the total unlock) is designated for ecosystem growth, while roughly 825 million ONDO (42%) is allocated for protocol development. The remainder will be used for private sales.
Typically, large token unlocks can trigger a bearish trend in the market, which may result in a dip in ONDO prices. As of now, the altcoin is trading at approximately $1.25, slightly below previous levels, as the protocol prepares for this large supply influx. However, ONDO’s price has seen impressive gains, surging 673% over the past year, climbing from a low of $0.26.
Ondo Finance has achieved notable success in the real-world assets (RWA) market, with offerings like the Ondo U.S. Dollar Yield and the Ondo Short-Term Government Bond Fund driving the market’s growth to over 100% in the past year, bringing its total to $4 billion.
Data from recent reports shows that the total value locked (TVL) in Ondo Finance skyrocketed from $192 million in January 2024 to a high of $650 million in October. Currently, the TVL is reported at $543 million.
