ONDO Slides 7% Amid Power Struggle Over Ondo Finance Leadership
- ONDO fell sharply as a leadership dispute created fresh uncertainty around Ondo Finance.
- Breaking $0.35 support could expose ONDO to lower levels near $0.33.
- CLARITY Act delays add regulatory uncertainty for Ondo’s tokenized asset business.
Ondo Finance — ONDO, dropped sharply as a leadership dispute shook confidence around Ondo Finance. The token traded near $0.35 after losing roughly 5% to 8%. Traders also watched growing uncertainty around the U.S. CLARITY Act. The proposed legislation could influence rules for digital assets and tokenized assets. That combination has created fresh pressure around ONDO. Investors now face corporate uncertainty alongside a difficult technical setup. The next few trading sessions could prove crucial for ONDO’s price direction.
Ondo Finance Faces Leadership Dispute
The leadership dispute followed the death of Ondo Finance founder Nathan Allman. Allman died in May, according to Delaware court filings. The documents reveal a disagreement over control of the company. Allman’s estate has challenged actions taken by CEO Ian De Bode after the founder’s death. The estate claims Allman controlled the company when he died. The estate also says Allman served as sole director and CEO.
… Continue reading the full article at the original source below.
