ONDO Drops 10% on ‘Sell-the-News’ Trade Despite Alliance Launch; XYZVerse Presale Surges Past $14M

Meanwhile, early-stage meme coin XYZVerse extended its rally, crossing $14 million in presale funding amid rising retail interest.

Ondo Finance on June 17 announced the formation of the Global Markets Alliance, a coalition aimed at developing unified standards for tokenized securities and RWAs. Participants include industry players such as Solana Foundation, Trust Wallet, BitGo, and 1inch. The move is widely seen as a significant step toward institutional adoption of blockchain-based financial instruments.

Yet the token’s price dropped from $0.86 to $0.77, triggering concerns among investors over a classic “sell-the-news” reaction. At the time of writing, ONDO was trading at $0.78, having ranged between $0.7574 and $0.7817 in the past 24 hours.

Despite a major partnership announcement on June 17th, ONDO has maintained a steady downward trend for the last month. Source Brave New Coin ONDO market data

ONDO’s near-term momentum appears muted, with Relative Strength Index (RSI) readings hovering in the neutral 50–55 band. Trading volume has contracted over 52% since the June 17 high, suggesting declining participation.

The evident downward trend of the last month suggests that ONDO may continue to face selling pressure. The simple moving averages support this view, with the 10-day average at $0.68 and the 100-day average at $0.73. However, the Relative Strength Index (RSI) is at 54.60, which is neutral. The high Stochastic value of 93.61 suggests the coin might be overbought, hinting at a potential price reversal.

If ONDO can break above the nearest resistance level at $0.93, it could potentially target the next resistance at $1.15. This would represent an increase of around 43% from the current upper price range. On the downside, if the price falls below the nearest support level at $0.49, it could test the second support at $0.27, a significant drop of about 54%. Traders are keeping a close eye on these levels to gauge future price movements.

In contrast, XYZVerse ($XYZ) – a sports-themed meme coin – has continued an upward trajectory during its presale phase. The project has now raised more than $14 million, according to an update on its official X account. XYZVerse markets itself as the first all-sports meme coin, combining community-driven branding with gamified features and tokenomics focused on longevity.

• Tokenomics: Regular buybacks and burns are aimed at reducing supply and supporting price.
• Platform Utility: A roadmap includes sports-themed mini-games and play-to-earn mechanics.
• Brand Identity: The newly introduced mascot, XYZepe, has helped build a distinctive narrative around the project.

How to Join XYZVerse Presale

The presale is now nearing completion, with Stage 12 nearly 96% sold. The current price is $0.003333, rising to $0.005 in the next stage and culminating at $0.02 in the final round. That pricing structure implies potential upside of up to 3000% for early participants, assuming post-launch targets are met.

The juxtaposition of ONDO’s decline amid positive developments with XYZVerse’s aggressive capital inflows highlights diverging investor appetites across the altcoin spectrum. While ONDO offers long-term infrastructure value, the current risk-off sentiment may be capping upside. Meanwhile, speculative capital continues to chase early-stage opportunities with high return potential. As the second half of 2025 unfolds, traders will be watching for signs of recovery in established tokens like ONDO, while projects such as XYZVerse test their staying power beyond presale hype.

https://xyzverse.io/,
https://t.me/xyzverse,
https://x.com/xyz_verse

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.