ONDO Price Falls 7% as Founder’s Mother Seeks Control of Ondo Finance

TLDR

• ONDO price fell as much as 7% toward $0.35 amid a leadership dispute at Ondo Finance.
• Nathan Allman’s estate is seeking control of Ondo Finance following his death in May.
• Kathleen Allman was appointed interim CEO after the estate-backed board removed Ian De Bode.
• ONDO broke below $0.37 support, with $0.35 and $0.33 emerging as key downside levels.
• Uncertainty around the delayed U.S. CLARITY Act vote is adding pressure to the RWA sector.

ONDO price fell sharply to around $0.35 as a legal dispute over control of Ondo Finance added pressure to the token. The decline also came as traders monitored delays surrounding the U.S. CLARITY Act, which could affect the regulatory outlook for tokenized real-world assets.

Ondo Finance Faces Leadership Dispute

A corporate control dispute has emerged following the death of Ondo Finance founder Nathan Allman in May. Delaware court filings show that his estate is challenging the actions taken by former President and current CEO Ian De Bode after Allman’s death.

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