The recent surge in the price of ondo is primarily attributed to increased demand from institutional investors and whales, indicating a broader institutional interest in real-world asset (rwa) tokens. major players such as blackrock and wintermute have significantly increased their holdings of ondo, contributing to its price hike. furthermore, the supply of ondo on exchanges has tightened due to reduced selling pressure from spot traders, which may lead to further price appreciation. these developments highlight the growing recognition and adoption of rwas in the crypto market, particularly ondo, as they provide a more accessible and efficient means for tokenizing real-world assets.

## key market movements:
* ondo briefly surpassed $1.70, with a new all-time high of $1.66 and a 24-hour increase of 30.9%.
* major inflows to ondo include $20 million from a crypto-focused fund and a $13.94 million transfer by blackrock’s buidl fund.

## exchange activity:
* the trading volume of ondo increased significantly, with peak trading activity reaching over 2 million trades.
* ondo is now listed on major exchanges including upbit and bitget, further driving its market presence and accessibility.

## whale investments:
* whale activity has surged, with large ondo transactions exceeding $1 million.
* the presence of institutions such as upbit and bitget as major holders indicates strong institutional support and confidence in ondo's future prospects.

## conclusion:
the volatility in ondo's price is a reflection of the underlying demand dynamics driven by institutional interest and whale activity. as rwas gain traction, tokens like ondo are poised to play a critical role in bridging traditional finance and decentralized finance, unlocking new opportunities for liquidity and financial inclusion. this trend backs the expected shift of traditional finance onto blockchain infrastructure, enhancing the value of rwa tokens.