So, Ondo Finance decided to throw a little shindig on the 15th of December, announcing it would tokenize U.S. stocks and ETFs on Solana by 2026. 🥳 Big news, right? You’d think the market would be popping champagne, but nope. Instead, it’s sipping lukewarm tea, staring at its shoes. 🫖👟
Apparently, expanding beyond Ethereum and BNB Chain to Solana was the equivalent of bringing a salad to a potluck. 🥗 Everyone nodded politely, but no one touched it. Solana, the new settlement layer? More like the designated driver no one invited. 🚗
The market’s reaction? A collective shrug. 🤷♂️ ONDO and Solana prices took a nap shortly after the announcement, as if they’d just been told they had to stay after school. 📉 Meanwhile, the Total Value Locked (TVL) hit a record $1.93 billion, because apparently someone forgot to tell the money it wasn’t supposed to be excited. 💰✨
TVL Surged, Price Said “Nah, I’m Good”
ONDO’s TVL kept climbing like it was on a StairMaster, but the price? Oh, it’s cozy in its $0.36-$0.39 blanket fort, thank you very much. 🛌 The capital stayed put, but the price momentum? Still stuck in traffic. 🚗🚦
Liquidity didn’t bolt for the door, but technical indicators were like, “Yeah, no, we’re not buying this hype.” ONDO’s RSI was chilling at 34, basically wearing a “Bearish AF” t-shirt. 🐻👕
So, is this TVL surge a sign of accumulation, or is the market just hoarding cash like it’s 2008? 🤔
Momentum: Still in Its Pajamas
ONDO dipped below $0.40, hitting $0.36 like it was aiming for a personal best in the “How Low Can You Go?” competition. 🏋️♂️ RSI tried to stabilize, but it’s the equivalent of putting a band-aid on a bullet wound. 🩹🔫
MACD? Still below the zero line, basically waving a white flag. 🚩 Resistance at $0.50, downside risk at $0.25-it’s like the price is stuck in a bad rom-com, unsure if it’s consolidating or just being ghosted. 💔
Solana: Holding On for Dear Life
Solana, on the same day, took a little dip to $117 before buyers were like, “Oh no, you don’t!” and yanked it back to the $122-$145 range. 🤚 RSI at 52, MACD neutral-basically, it’s the financial equivalent of a shrug emoji. 🤷♂️
Meanwhile, Solana recorded $35.20 million in ETF inflows, the highest of the week. Money’s coming in, but the price is like, “I’m not impressed.” 💸😒
ONDO: Consolidating or Just Lost?
Rising TVL, bearish RSI, MACD in the dumps-it’s like ONDO is at a party where everyone’s dancing but it. 🎉🤦♂️ Accumulation without price confirmation? The market’s either playing the long game or just really bad at reading the room. 🧐
Will the price stabilize, or is it just biding its time before another nosedive? Local resistance at $0.50 is the bouncer, and no one’s getting past without a fight. 💪
Final Thoughts
- Ondo’s TVL growth is like that friend who’s always early to the party, but the price is still stuck in traffic. 🚗🕑
- Investors are playing the long game, but the short-term price is like, “I’ll believe it when I see it.” 🤷♀️
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2025-12-22 19:15