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Ondo Finance (ONDO) Gains 4.63% in an Hour Despite 24-Hour Loss

Short liquidations totaled $30,000 across three exchanges; ONDO’s market capitalization was about $2.14 billion, ranking it 48th.

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An unmarked metal token catches late-morning light above Manhattan's Financial District in New York. (AI-generated image / EconoTimes)
An unmarked metal token catches late-morning light above Manhattan's Financial District in New York. (AI-generated image / EconoTimes)

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ONDO was down 0.69% on the 24-hour measure at 11 a.m. ET on Oct. 15, while its price gained 4.63% from 10 a.m. to 11 a.m. ET.

The Binance spot market for ONDO and Tether (USDT) recorded $0.4256 at 10 a.m. ET and $0.4453 at 11 a.m. ET (15:00 UTC), a $0.0197 difference.

Short-side liquidations accounted for the full $30,000 reported across Binance, Bybit and OKX during the hour; long liquidations were zero. The snapshot’s market-value ranking put ONDO at No. 48, with a capitalization of about $2.14 billion. The 4.63% move measures one hour, whereas the 0.69% loss covers 24 hours.

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