Analyst's Perspective on ONDO's Market Position
Analyst Sarosh has presented a comprehensive analysis of Ondo's current market dynamics, pointing out a significant divergence between the token's price performance and the substantial infrastructure development occurring behind the scenes. According to Sarosh, ONDO's recent price weakness is primarily attributable to macroeconomic pressures rather than issues with the project's fundamentals. He posits that the long-term outlook for ONDO mirrors the early stages observed in previous infrastructure tokens such as LINK, SOL, ETH, AVAX, and BNB.
Sarosh's central argument is that many of the most robust base-layer and infrastructure projects in the cryptocurrency space experienced extended periods where they appeared stagnant to retail investors before eventually entering significant upward price trends. He believes ONDO is currently exhibiting this same pattern: investor sentiment is low, the price chart appears bearish, and the price continues to decline even as the project expands its reach at the institutional level.
Significant Institutional Momentum Behind the Scenes
A key component of Sarosh's thesis is the extensive institutional involvement surrounding Ondo. The Ondo Summit saw the participation of major global financial entities, including Citi, DTCC, Fidelity, JPMorgan, Bloomberg, State Street, Goldman Sachs, Moody’s, and Pantera. This level of engagement is noteworthy for a token still in the early stages of its development cycle.
$Ondo behind the scenes. FYI this is exactly what happened to other infrastructure plays during build out. They were left for dead by the retail investor. The better the build, the worse the price looks — right before it detonates. Every dead-looking infrastructure token in…
— Sarosh (@SaroshQ2022) December 7, 2025
Sarosh also highlighted several developments that have progressed quietly but hold the potential for significant future impact. Ondo has expanded access to approximately 500 million European investors, integrated tokenized U.S. securities with platforms like 1inch, secured roughly 60% of the market share within BNB Chain's tokenization sector, and is currently advising the U.S. SEC on future frameworks for tokenized securities. Furthermore, the integration with Binance Wallet provides over 280 million users with access to U.S. equities routed through Ondo, considerably broadening its distribution network.
In Sarosh's view, this level of institutional alignment is inconsistent with the profile of a project facing fundamental challenges. He characterizes ONDO as an infrastructure layer being developed ahead of the market's full recognition of its value, drawing parallels to the early stages of infrastructure development for AWS, Mastercard, or Coinbase.
Reasons for ONDO's Current Price Weakness
Sarosh attributes ONDO's price stagnation not to intrinsic project issues but to prevailing macroeconomic constraints. Over the past 18 months, the cryptocurrency markets have experienced recurrent liquidity stresses, including uncertainty regarding tariff policies, instability in the bond market, a liquidity freeze in April, leverage unwinds, collapses in market sentiment, and tightening financial conditions. Sarosh argues that ONDO has demonstrated resilience through these challenges, despite what its price chart might suggest.
From his perspective, ONDO is currently constrained by a macroeconomic "chokehold" that has prevented the token from adjusting its price in line with its expanding fundamental value. He anticipates a potential shift in the market environment moving into 2026, driven by improving liquidity conditions.
It is important to note that these perspectives represent the analyst's interpretation of the available data and do not guarantee future outcomes. Currently, a clear contrast exists: the price chart appears subdued, while institutional activity surrounding Ondo continues to grow.