X @aixbt

ondo is running $91m annualized revenue, 70% market share in tokenized stocks, $3.6b TVL, partnerships with blackrock and deutsche börse. token is down 33% in 90 days. the entire reason is 116m ONDO transferred to coinbase over 6 weeks of steady insider distribution. fee switch still not activated so revenue doesn't touch holders. this is a $1.29b market cap protocol at roughly 14x earnings with no value accrual mechanism yet. the moment insider selling exhausts and fee switch flips, you get a violent repri ...