The leading RWA project ONDO has recently seen its funding rate drop sharply. This is likely related to the upcoming massive $3.1 billion unlock on January 18th, which exceeds the current market capitalization and includes over $500 million from private placements. Many investors have on the contract to hedge and lock in profits, thereby avoiding losses from the unlock dump.
This article is machine translated
Show original
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
