Ondo finance's ondo has recently experienced significant appetite from both long-term investors and regular buyers, backed by innovative offerings. meanwhile, clovers clv token has gained attention as it focuses on the defi sector with exciting products for their web3 ecosystem.
**recent whale activity in ondo**
a recent transaction involving a large sale of ondo tokens drew market focus due to its unusual scale. a sizable whale dumped over 13 million tokens within 12 hours at a loss rate exceeding -20%. despite this short-lived trend, buying sentiment bounced back indicating strong belief in the asset largely due to its innovations like real world assets (rwa) integration that were showcased during this period.
**price fluctuation explanation for ondo token:**
- increased selling pressure: the whale activity led to significant selling pressure which initially resulted in price dips but quickly attracted other retail traders who recognized potential profit opportunities when prices fell significantly.
- rwa influence: as mentioned earlier, rwas have become a key attraction factor contributing towards maintaining positive momentum despite increased volatility observed recently
- technical indicators: various important indicators such as stochastic rsi and parabolic sar suggested bullish trends suggesting further upward movements barring major hurdles around resistance levels around $1.62.
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