SEC Task Force Meeting Sparks Ondo Finance Token Price Surge: Market Insights and Analysis
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ONDO Price Surges 17% After SEC Task Force Meeting: What’s Next?
April 25, 2025
The cryptocurrency market has been witnessing a significant shift in the past few hours as Ondo Finance’s token price surges an astonishing 17% after the company met with the US Securities and Exchange Commission (SEC) task force. The meeting aimed to create new regulations for the industry, focusing on rules for tokenizing U.S. assets and blockchain-based systems complying with existing financial regulations.
The discussion centered around regulatory sandboxes or relief options that could encourage innovation within existing compliance systems. Ondo Finance’s commitment to providing legally compliant institutional-grade tokenization solutions through blockchain has been reiterated by this meeting.
In response, the ONDO token price jumped 7.5%, crossing $1 and reaching a $3 billion valuation for the first time since March 7. The token is currently showing strong upward momentum as it trades above $1.03 with a surge of over 17% in the past 24 hours.
It’s worth noting that Ondo Finance has previously donated $1 million to Donald Trump’s inauguration fund, and Davis Polk & Wardwell recently announced that it would represent Trump’s social media company, Truth Social, in launching crypto-linked ETFs.
From a technical perspective, analysis suggests that ONDO’s price could continue to rise in the coming weeks as it emerged from a consolidation phase. If the price manages to close above $0.98, it could rise 21%, targeting $1.18. Furthermore, analysts have identified support levels at $0.81 and next targets at $1.09, with a breakout potentially pushing the price to $1.20.
Additionally, analyst Dami-Defi has stated that ONDO has broken out of its descending re-accumulation pattern and is gearing up for a macro-scale rally. The first target in this scenario would be $1.88, with potential further growth reaching $3.50.
Some experts believe that ONDO could follow the trends of global money supply (M2), hinting at something significant on the horizon for the token.
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