Ondo Finance Powers BlackRock’s Ambitious Tokenization Goal

According to rwa.xyz, Ondo Finance now contributes over 34.5% to BlackRock’s $BUIDL fund through its USDY and OUSG tokens, aiming to achieve its $27 trillion goal of tokenizing the entire US Treasury market.

According to rwa. Xyz $ondo finance now contributed over 34.5% to @BlackRock $BUIDL fund by utilizing its $USDY $OUSG – aiming to reach it's 27 Trillion goal of tokenizing the entire us treasury market ⏳️ pic.twitter.com/KOVQpHAUZa

— DEXT COP (@DextCop) July 10, 2024

Just an hour ago, a whale identified by wallet address 0xa555 withdrew 1.24 million ONDO tokens, valued at $1.2 million, from KuCoin. This substantial amount was then transferred to wallet 0x95a5. Notably, this pattern of behavior was observed on May 3 and June 19 as well.

Additionally, wallet 0x95a5 has previously deposited ONDO tokens back into KuCoin twice. If the whale decided to sell on May 11, they would have incurred an estimated loss of $21.77K (2.4%). Similarly, if sold on July 3, the estimated loss would have been $129.21K (6.93%).

1 hr ago, one whale 0xa555 (https://t.co/Nj7zcepT0m) withdrew 1.24M $ONDO (worth $1.2M) from #KuCoin