ONDO drops below $0.52 despite 1M wallet milestone
Ondo (ONDO)
Editor:
Eugene Serbin
BitcoinEthereumNews.com reports that ONDO [ONDO] tokenization adoption strengthened after the asset crossed one million wallets, but a wider crypto sell-off pushed its price sharply lower. The milestone included wallets interacting with Ondo’s tokenized stocks, ETFs, and Treasury products. Despite this growth, the broader market decline drove the token's value down significantly.
How the market reacted
Whalio's own Binance spot order flow for ONDO, measured when this story was written up on 29 September 2026. Not the outlet's figures.
Whalio spot data shows ONDO trading at $0.5199 with a 1-hour buy ratio of 41.5%, indicating short-term selling pressure. This contrasts with the 4-hour buy ratio of 51.0% and the 24-hour ratio of 53.2%, suggesting that buying interest has been stronger over the longer timeframe. The 1-hour volume delta is -$117,794, showing net selling in the last hour, while the 4-hour delta is +$162,626 and the 24-hour delta is +$5,150,190. This indicates that while recent hours saw outflows, the broader 24-hour period experienced significant net buying, with spot volume reaching $83,243,111 across 470,463 trades.
The latest daily buy ratio of 48.1% sits at the 32nd percentile of the last 322 days, against a median of 49.5% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for ONDO, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 48.9%, meaning the current 24-hour ratio of 53.2% represents a +4.3 point increase above the average. Volume was 1.69x the average, indicating significantly higher activity than usual. However, only 1 of the past 7 days saw net buying, and the 8-day volume delta was -$811,358, contrasting with the recent 24-hour positive delta. The price rose +13.5% over 8 days, but the weekly context shows this is an unusual day for buying intensity relative to the broader week's trend.