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Why did #ONDO drop by 88% as TVL rose to $3 billion?
· Main reason: January 18, 2026 — a massive token unlock of (~1.94 billion tokens, ~$774 million). Early investors were taking profits.
· Structure: Only ~2% of the tokens went to the public sale. Most of the supply is with the team and funds.
· Red flags: ❌ No token burning ❌ No mandatory demand (staking/fees) ❌ Protocol revenues do not go to token holders ❌ Unlocks happen in sharp waves.
· Green flags: ✅ Cap of 10 billion ✅ A well-known unlock schedule ✅ Token monetization was announced for the end of 2026.
Conclusion: A strong protocol ≠ strong tokenomics. The project is growing, but the coin is falling because the upside isn’t yet built into the token.
$ONDO #GateSquareAprilPostingChallenge