THE PERFECT TRAP OF ONDO 🪤
The narrative of Ondo is perfect. Safe, stable, backed by BlackRock... what could go wrong?
Well, maybe 85% of the tokens that have not yet hit the market.
Institutions and VCs buy the product (OUSG), which is safe. Meanwhile, retail investors buy the governance token ($ONDO ), betting that the project will grow.
The problem is that we are sitting on a time bomb of "unlockings". Every few months, a new wave of tokens from the initiators can flood the market.
It seems like a game of two decks: one safe for the institutions and another much riskier for us.
👉 Mini-Glossary for understanding:
VCs: Million-dollar funds that invested first and for very cheap.
OUSG: The safe product (tokenized USA bonds) that institutions buy.
Investing in the ONDO token is 💬:
