Ondo Finance, a real-world asset tokenization platform, is preparing for a major opening of its governance token.

According to Tokenomist, Ondo Finance (Ondo) Over 1.9 billion locked ONDO tokens will unlock on January 17, 2025, at 7 PM EST. The total value of the open, which represents an inflow of 134%, is estimated at approximately $2.44 billion.

Tokenomist, formerly TokenUnlocks, He appears It indicates that the upcoming ONDO release will be divided into three main customizations:

Approximately 792 million ONDO (40% of the unlock) was allocated to ecosystem growth, while approximately 825 million ONDO (42%) was allocated to protocol development. The remaining codes will be directed towards special sales.

Huge codes are opened normally See a bearish reaction From the market, which in this case could see a decline in ONDO prices.

The altcoin traded at around $1.25, slightly in the red during the day, as the protocol approached a massive supply influx. However, ONDO's price has risen along with the broader market over the past year following the recent token open. The value of the cryptocurrency has risen 673% in the past year, rising from lows of $0.26.

Ondo Finance has also recorded significant traction in the RWA market, with Ondo US Dollar Yield Fund and Ondo Short-Term Government Bond Fund among others. Symbolic vaults assets to push the market more than 100% last year to $4 billion.

According to DeFiLlama, the total value locked in Ondo Finance rose from $192 million in January 2024 to a peak of $650 million in October. At the time of writing, TVL is valued at $543 million.