Consequently, $ONDO price declined 12.09% over the same period, with its price dropping toward the $0.50 level. However, its trading volume climbed 76.48% during the decline.

The trading activity increase suggested traders remained highly active as selling accelerated. The wallet milestone provided a fundamental counterweight to the market-driven weakness.

The divergence left $ONDO balancing the improving tokenization adoption against the heavy short-term pressure across the broader crypto market.

Spot demand challenges Futures sellers

Market positioning provided another context to the $ONDO’s price decline, as Spot and Futures traders had moved in opposite directions.

Notably, the Spot Taker CVD indicator remained buyer-dominant,…