Whale Drama: ONDO’s Token Tumble Leaves Us All in Suspense! 🐋💸

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  • In a most curious turn of events, an ONDO whale has decided to part ways with 2.69 million tokens, a sum that jingles to the tune of $2.13 million. Oh, the audacity!
  • Meanwhile, our dear altcoin has been on a rollercoaster, plummeting 10.76% in just seven days. What a ride! 🎢

Once upon a time, just a week ago, ONDO was basking in the glory of $0.92. But alas! The tides have turned, and now it finds itself under the weight of a most dreadful downward pressure. Large holders, those brave souls, are fleeing the scene, fearing the specter of further losses. 🏃‍♂️💨

Oh, the Whale’s Great Escape!

Whales, those magnificent creatures of the deep, have resurfaced in the market, as evidenced by the Spot Average Order Size. It seems they are not deterred by the ominous clouds gathering over ONDO’s future.

For the past month, the market has been dominated by these hefty orders, suggesting that while the little fish may be floundering, the whales are swimming with purpose. 🐟💪

According to the ever-watchful X (formerly Twitter) account Onchain Lens, this particular whale, who had clutched onto 2.69 million tokens for a staggering 2.5 months, finally decided to cash in on June 17th. A wise move, or a foolish gamble? Only time will tell! ⏳

With this grand transaction, our whale friend has pocketed a neat profit of $123k. One might wonder if this was a strategic retreat to avoid the impending doom of losses. 🧐

This movement of the whale suggests a rather gloomy sentiment, as it appears that holders are bracing themselves for more misfortunes ahead. 😱

In a rather alarming twist, the Large Holder Netflow has been languishing in negative territory for the past two days, indicating a surge in sell pressure. In this time, whales have offloaded a staggering 4.85 million tokens. What a spectacle! 🎭

Will the Selling Pressure Lead to More Woes?

According to the astute analysts at AMBCrypto, ONDO is currently grappling with downward pressure as sellers have taken the reins of the market. A most unfortunate turn of events! 😔

At the time of writing, the netflow was surprisingly positive, peaking at $762k. This indicates a flurry of selling activity, as a positive spot netflow suggests more inflow than outflow. Quite the paradox, wouldn’t you say? 🤔

Amidst this chaotic market dance, ONDO’s directional momentum indicators hint at a potential continuation of this downward trend. How delightful! 🎉

Notably, the MACD has been on a steady decline over the past five days since making a bearish crossover. This reflects a robust momentum heading southward. 🏔️

Furthermore, the Relative Strength Index (RSI) has dipped perilously close to the oversold territory, hovering around 37. It seems the sellers are indeed in charge! 🏴‍☠️

Thus, ONDO finds itself in a precarious position, teetering on the edge of further losses. If the current trends and sentiments persist, it may seek refuge around $0.75, where it once found solace.

However, should this support crumble, ONDO could plummet to $0.72. For a miraculous trend reversal, buyers must return to the market and absorb the current sell pressure, ensuring ONDO reclaims the illustrious $0.80 and holds it tight! 🤞

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2025-06-17 16:28