Amid a general decline in the crypto market, ONDO bucked the trend, surging nearly 17% in a single day, significantly outperforming Bitcoin, Ethereum, and most mainstream tokens. The market attributes this rise to the upcoming launch of Ondo Perps, expectations of tokenized stock trading, and a resurgence in interest in the RWA (Real World of Warcraft) sector.
Expectations for the June 9th launch are rising.
The report mentions that Ondo Perps is expected to launch on June 9, 2026. Market rumors suggest the platform may allow users outside the US to trade tokenized stocks with leverage up to 20x. Although these features have not yet been officially implemented, related expectations have spread rapidly on social media platforms.
This means Ondo's product line may extend beyond its existing DeFi business into the tokenized finance market. If this direction progresses smoothly, Ondo's market positioning will not be limited to a single protocol token, but will be closer to a project building infrastructure around on-chain financial assets.
RWA sector attracts renewed investment attention
ONDO's recent surge is also related to the renewed interest in the RWA (Return on Wire) sector. In recent times, institutional interest in tokenized US Treasury bonds, on-chain yield products, and digital securities infrastructure has remained strong, leading to renewed market attention for related projects.
Ondo is already actively positioned within this sector. In recent months, the project has continuously strengthened its role as a bridge between traditional finance and on-chain capital markets. When market risk appetite declines, funds tend to seek targets with clear product catalysts and real-world financial scenarios.
The upside resistance level is seen at $0.45.
Based on the price action described in the article, ONDO had previously broken out of its long-term consolidation range of $0.25 to $0.31 and subsequently rose rapidly. During the pullback, the price found support around $0.38 to $0.39, an area that the market is now viewing as a new short-term support level.
- Near-term resistance range: $0.45 to $0.48
- Key support range: $0.38 to $0.39
- Higher target range: $0.65 to $0.70
Overall, ONDO's recent price increase occurred against a backdrop of widespread market pressure, making it more attractive to short-term investors. However, the core drivers of the current price increase remain product launch expectations and a resurgence of the RWA narrative. Future price movements will depend on the progress of new products and whether market acceptance continues to improve.
