Following Mantra's (OM) dramatic 90% crash, investor capital has swiftly moved to Ondo Finance (ONDO), propelling the token to become the third-largest Real World Asset (RWA) token in the crypto space.
📉 Mantra (OM) Crashes — Investors Exit
In just 24 hours, OM’s price dropped from $6.31 to $0.70, triggering a market-wide selloff. Binance attributed the collapse to a wave of cross-platform liquidations and a long-standing tokenomics warning issued in January, which had gone largely unnoticed.
🚀 ONDO Gains Momentum, Becomes Investor Magnet
While OM faltered, ONDO surged nearly 30% this week, emerging as a safe haven for redirected funds. ONDO now trails only Chainlink (LINK) and Manta Network (MANTA) in the RWA sector’s market cap rankings.
📈 Technical Indicators Point to ONDO’s Bullish Outlook
Recent analysis shows that ONDO is entering a bullish phase:
- Golden Cross: Short-term EMA crossed above long-term EMA — a strong buy signal.
- DMI Indicator: +DI rising, -DI falling — momentum is bullish.
- CMF (Chaikin Money Flow): Improving from -0.17 to -0.06, indicating growing buying pressure and accumulation.
🌐 RWA — Bridging Traditional Finance and DeFi
Real World Assets (RWA) are rapidly becoming a cornerstone of crypto innovation. The sector’s total market cap has grown 2.6% in the past week to $55.9 billion. Ondo’s TVL (Total Value Locked) has jumped 18.1%, hitting a new high of $9.16 billion.
🔮 What Lies Ahead for ONDO and the RWA Sector?
With growing interest from financial giants like BlackRock and JPMorgan, and continued tokenization of real-world assets (bonds, real estate, commodities), ONDO is poised to capture more institutional capital and extend its lead in the RWA space.
📌 Conclusion
The shift from OM to ONDO marks a pivotal change in investor sentiment toward high-trust, high-performance RWA tokens. With strong fundamentals and institutional backing, ONDO is emerging as a dominant force in this fast-growing niche.