Updated Oct 27, 2026, 7:20 AM UTC
Why is Ondo moving today?
Ondo is up 1.0% over 24 hours to $0.407, outperforming a soft market in which Bitcoin slipped 0.6% to $79,544. The bid is coming from Ondo Finance's OpenAI-linked tokenized note: the firm says private clients should be able to subscribe directly during the week of Nov. 2, while the note keeps trading on secondary markets. The offering landed as OpenAI's own listing stays on hold and rival Anthropic disclosed plans for an IPO as early as November, alongside $16 billion in first-half revenue and an $80 billion net loss.
Fundamentals in Ondo's core tokenized-treasury business also improved, with USDY adding $98.9 million in market cap over 30 days, ahead of Franklin Templeton's sgBENJI (+$14.1 million) and BENJI (+$12 million).
The gain doesn't undo a 6.6% weekly drop, against Bitcoin's 2.6% decline over the same stretch. One token-specific overhang: dYdX governance is voting on shutting its ONDO market, along with ENA and WLFI, citing low activity, thin liquidity and oracle upkeep costs.
Sources
- CoinGapeONDO Price Jumps as Ondo Finance Unveils Exclusive OpenAI Pre-IPO Offering
- TokenPostOndo Plans Direct Subscriptions for OpenAI-Linked Tokenized Note
- CointelegraphAI company Anthropic announces IPO, expected as early as November
- TokenPostOndo’s USDY Adds $98.9 Million in 30-Day Market Cap Growth
- TokenPostdYdX Vote Weighs Closure of ENA, ONDO, WLFI and Other Markets
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Written from lypp's live market data and news feed. Not financial advice. Follow @lypp for moves as they happen.