Massive sell-off alert as Ondo Finance unlocks nearly $2.5 billion of ONDO today
The Ondo Finance (ONDO) is leading this week’s token unlocks with a massive unlock of 1.94 billion ONDO. This amount is valued at nearly $2.50 billion at current prices, marking a significant dilution to its holders. So far, the Ondo Finance protocol has only unlocked 14% of all its 10 billion ONDO supply. The currently circulating 1.45 billion ONDO was achieved with a single unlock event of 1.43 billion ONDO on January 18, 2024, plus daily unlocks of 54,400 ONDO going on for a year. Today, on January 18, 2025, vesting contracts will unlock 1.94 billion ONDO, increasing its circulating supply by 134.21%. As of this writing, the unlocked amount is worth $2.42 billion, representing one of the biggest crypto unlocks ever. Picks for you Here’s how much the S&P 500 is up since Michael Burry said ‘Sell’ 2 min...