Ondo Finance has reclaimed a major milestone, reaching a $3 billion market capitalization after a powerful rally, spurred by news of ongoing discussions with the U.S. Securities and Exchange Commission (SEC) about the future of tokenized assets.
According to the latest data from the crypto.news price tracker, Ondo’s market capitalization has surged to approximately $3.16 billion, marking its first climb past the $3 billion level since March 8. At the time of writing, ONDO is trading around $1.01, up nearly 16% over the past 24 hours. Accompanying the price surge is a sharp increase in 24-hour trading volume, which has jumped 147% to more than $600 million, signaling growing investor interest.
SEC Meeting Fuels Market Optimism
The rally comes in the wake of reports that Ondo Finance’s leadership team recently met with the SEC, alongside legal experts from Davis Polk & Wardwell. During the meeting, the team proposed a framework for the tokenization of U.S. financial assets a development that could fundamentally reshape how traditional securities are issued, traded, and regulated.
Key discussion points included:
- The potential application of existing financial regulations to tokenized securities.
- Legal registration requirements for tokenized assets.
- Broker-dealer compliance.
- Supervision and market integrity standards.
- Proposals for regulatory sandboxes and exemption pathways to encourage innovation without sacrificing investor protection.
The positive sentiment surrounding these discussions appears to have energized ONDO’s price action, with many investors seeing the talks as a step toward mainstream institutional acceptance.
Technical Analysis: ONDO Breaks Key Levels
From a technical perspective, ONDO has shown significant strength:
- The token has successfully broken above the $1.00 psychological resistance level.
- ONDO is now trading above important short- and mid-term moving averages, signaling an improving trend.
- The Relative Strength Index (RSI) stands at 65, suggesting healthy but not yet overbought conditions.
- The MACD (Moving Average Convergence Divergence) is in bullish territory, reinforcing the short-term upward momentum.
However, longer-term indicators such as the 200-day moving average still advise caution, indicating that the full trend reversal is not yet confirmed. Despite this, ONDO remains well-positioned, with a potential path to continue its ascent if momentum sustains.
Road Ahead for ONDO
Even after the recent surge, ONDO is still trading approximately 53% below its all-time high of $2.14, leaving considerable upside potential should positive developments continue.
If regulatory clarity around asset tokenization improves fueled by initiatives like those Ondo Finance is leading the project could be at the forefront of a major financial shift, driving both its adoption and valuation higher.
