ONDO rallies 7% as exchange supply declines and social rises

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ONDO, a DeFi token added 7% to its value on Saturday as the asset featured in higher number of discussions on social media platforms.

added 7% to its value on Saturday amidst rising mentions on social media from market participants. The DeFi token’s exchange supply hit its lowest level in 2024. On Friday, a whale withdrew nearly $6 million in Ether to buy

price rallies amidst dwindling exchange supply supply is at its lowest level in 2024. Exchange supply helps identify the selling pressure on the asset, higher the exchange supply, higher the likelihood of tokens being sold for profits. This negatively influences prices. , on Friday. The whale was likely preparing for the

 

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