Shorting ondo
ONDO
0.3377
-4.30%
Reason:
Binance just launched direct purchases of US stocks
and they're also getting into tokenized securities
which will eat into ondo's market share.
If exchanges can buy US stocks directly, would you still opt for tokenized US stocks?
If Binance itself rolls out securitized tokens, who will even bother with ondo's offerings?
Plus, ondo has a long-term massive unlock schedule, and the team is consistently dumping unlocked tokens.