Key Takeaways
Why is Arthur Hayes in focus?
Arthur Hayes accumulated $3.6 million in Ondo Finance, pushing his total holdings near $41 million and reigniting whale-driven interest.
What could influence ONDO’s next move?
The token must sustain above $0.98 and close beyond $1.12 to confirm bullish momentum as DeFi activity and TVL continue climbing.
Ondo Finance [ONDO] has drawn market attention again and this time for large on-chain movements linked to major wallets, including one tied to Arthur Hayes.
While the token still traded below $1 after a 3.8% daily drop, traders were watching for signs of recovery as technicals, whale activity and DeFi metrics began to shift.
AMBCrypto examines how these flows, chart structures, and rising TVL could shape ONDO’s path heading into the final quarter of 2025.
Massive ONDO transfers put Arthur Hayes in spotlight
On-chain data showed massive movement of ONDO tokens into crypto exchanges, with Arthur Hayes at the center of accumulation again.
The Gnosis Safe Proxy wallet moved 11.67 million ONDO into Gate.io, Binance, and Bybit.
As per Onchain Lens data on X (formerly Twitter), 3.89 million ONDO of these tokens, worth $3.63 million, were deposited into Arthur Hayes’s wallet on Bybit.
This took his total over the past month to about $41.25 million in ONDO.
Source: Onchain Lens
Despite these Exchange Inflows, whale accumulation hinted that not all transferred tokens were being sold. That mix kept traders cautious as the quarter opened.
Technical structure shows recovery signs
The price chart, as analyzed by Ali Martinez, showed ONDO managed to hold above the $0.86 price level. The altcoin surged to almost $1 and was rejected immediately.
Consequently, the $0.92 level held, and ONDO started to show strength again. However, the altcoin needs to flip above the $0.98 level to hit the next target at $1.12.
Source: Ali Martinex/X
Flipping the $1.12 level could pave the way for ONDO to climb towards its ATH of $2. Alternatively, failure would mean the altcoin stays confined in the marked range on the chart.
TVL climbs to record, volume plateaus
In the meantime, the Total Value Locked (TVL) for ONDO rose to a new peak of $1.72 billion at press time. The new milestone showed that the altcoin was positioned better in the DeFi sector.
However, trading volume hovered near $169.44 million, well below its yearly peak of $600 million. The muted volume suggested limited speculative momentum despite stronger fundamentals.
Source: DefiLlama
CoinGlass data indicated Open Interest rose from $450 million to $500 million since early October, signaling steady derivatives participation but not yet confirming strong conviction among traders.
Altogether, ONDO’s setup remained cautiously bullish. Sustaining above $1.12 could validate trend continuation toward its all-time high.
