The crypto market is once again playing out a magical drama. ONDO has fallen from $2.14 to $0.42, a decline of nearly 80%, leaving many retail investors who chased the high completely stunned. Ironically, as the price drops, some traditional financial giants are acting more frequently. What’s really going on here?

In simple terms, the true culprit behind this sharp decline is the timed bomb in the token supply. A look at on-chain data makes it clear—currently, ONDO’s circulating supply accounts for only 31.6% of the total supply, with nearly 70% still locked up. The critical date is January 18th, when 1.94 billion tokens will be unlocked, equivalent to 134% of the current circulating supply. Such a large release puts heavy pressure on any asset’s price.

The brief rebound at the beginning of the month was essentially a tentative bottom-fishing attempt by funds, but once the market realized the unlocking countdown was accelerating, sentiment immediately shifted. Trading activity cooled rapidly, and the rebound became a fleeting moment. This isn’t a fundamental project collapse; it’s purely a market reaction to the early realization of supply expectations.

But one thing must be clear: **price pressure does not mean a collapse in value**. On the contrary, this is precisely why some institutions continue to focus on ONDO at a deeper level. Ondo Finance itself is a hub connecting traditional finance and the crypto world. Its work is very practical—directly tokenizing real assets like US short-term government bonds and high-quality funds, launching compliant products like OUSG. This model is not just conceptual hype but is building a real financial bridge. When mainstream capital sees not an illusory story but tangible asset tokenization solutions, price fluctuations instead become opportunities for strategic positioning.