Ondo Finance Falls 4.7% in One Hour to $0.4684 Amid $1.3 Million in Liquidations

Ondo Finance (ONDO) fell 4.66% in one hour to $0.4684 as of 10:13 p.m. ET Tuesday (02:13 UTC Wednesday), extending the token’s 24-hour decline to 5.12%.

ONDO traded at $0.4913 one hour earlier before dropping to its current level. The calculation uses Binance’s ONDO/USDT spot market, with the latest price recorded at 10:13 p.m. ET Tuesday (02:13 UTC Wednesday; 11:13 a.m. KST Oct. 7).

Long liquidations across Binance, Bybit and OKX totaled $1.3 million during the same one-hour period, while short liquidations reached $10,000. The figures indicate that most liquidated positions were bets on higher prices.

ONDO ranked 48th by market capitalization at approximately $2.37709 billion at the time of collection.