Recently, the ONDO Token has caused quite a controversy. Some investors' continued optimistic attitude has been questioned, with some believing it may be influenced by the foundation. However, a close analysis of ONDO's market performance does reveal some concerning factors.

First of all, the ONDO Token seems to lack substantial application scenarios and value empowerment. This has led some observers to question whether it truly has long-term investment value or is merely a target for short-term speculation.

Secondly, the token distribution structure of ONDO has also attracted attention. It is reported that the foundation holds over 4 billion ONDO tokens, and another 2 billion tokens will be unlocked in the next 4 months. This situation, where a large number of tokens are concentrated in the hands of a few institutions, inevitably raises market concerns about potential selling pressure.

It is worth noting that, according to market data, ONDO Token has shown a net outflow status on the vast majority of trading days. This persistent trend of capital outflow undoubtedly exerts downward pressure on the token's price.

In the face of these situations, some investors have begun to question the upward potential of the ONDO token. They believe that, in the absence of clear value support and facing potential selling pressure, ONDO will face significant challenges in achieving sustained growth.

However, the cryptocurrency market is constantly changing, and the future direction of ONDO still has a lot of uncertainty. Investors need to comprehensively consider the project's fundamentals, market sentiment, and potential risks when making decisions, rather than overly relying on a single viewpoint or short-term market performance.