# Insight Update: $ONDO Activity Heats Up 

*$ONDO Update before Trump's White House crypto summit on March 07*

By [iCrypto.ai](https://paragraph.com/@icryptoai) · 2025-03-06

ondo, crypto, trumps

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**On-Chain:**

*   In the last 7 days, wallet [0x9fc1](https://icrypto.ai/wallet/0x9fc13f3654eb512bf74614eef01a52623a9e6d47/history?token=0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3&chain=ethereum) bought 951.7K $ONDO ($911.8K), now holding 2.13M $ONDO ($2.52M).
    
*   12h ago, wallet [0x0219](https://icrypto.ai/wallet/0x0219f5647e05bb7d138ee922bf3498d9f89ac477/history?token=0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3&chain=ethereum) bought 452K $ONDO ($535.4K), this is his first time buying $ONDO.
    

![](https://storage.googleapis.com/papyrus_images/fd46ee1dfc07808fc6e52e6ecd15c3a3.jpg)

**Spot data:**

*   Spot CVD is slowing down after strong drop (CoinAnalyze)
    

![](https://storage.googleapis.com/papyrus_images/16872519c4fee5559da3e5802d15d013.jpg)

**Future data:**

*   OI increased 28.63% from 04/03 => New positions opened, mainly Long.
    

*   Funding Rate is balanced
    

![](https://storage.googleapis.com/papyrus_images/24c8eb6eef94873047e55f73f16e3331.jpg)

*   Long/Short Ratio: 2.19, down from peak nearly 6.0 on 04/03 (CoinGlass) => Long side reduces positions clearly, Short starts to balance, no more extreme imbalance like early March.
    

![](https://storage.googleapis.com/papyrus_images/0c42901bba78d6911404b80726d46410.jpg)

\=> Futures market is in the dispute phase, easy to get "shakeout" before choosing new trend.

**Technical Analysis:**

*   Price is dropping after testing resistance zone $1.2 - $1.23
    
*   Support zone around $1.1 => Important support to watch
    
*   Deeper support at $1 - $1.05 => Price may head to this zone if $1.1 is broken.
    

![](https://storage.googleapis.com/papyrus_images/161eb32d6613b67a77c3730b486deb61.jpg)

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*Originally published on [iCrypto.ai](https://paragraph.com/@icryptoai/insight-update-dollarondo-activity-heats-up)*