QQQON surged 101.1% within 24 hours to $602.74: Bitget's listing of ONDO tokenized ETF drives active trading

Volatility Brief

In the past 24 hours, the price of QQQON touched a low of $300 and a high of $603.18, currently standing at $602.74, with a price fluctuation range as high as 101.1%. According to public market data, the 24-hour trading volume is approximately $4.23 million, showing a decrease from the previous day but remaining at an active level, with a market capitalization of around $27.16 million.

Summary of Reasons for the Market Move

- Bitget exchange launched 15 Ondo tokenized US equities and ETF products within the past 10 hours, including QQQON (the tokenized version of the Nasdaq 100 Index ETF), supporting USDT spot trading as well as deposits and withdrawals, thereby directly boosting liquidity and exposure.

- On March 16, TermMax launched the Ondo asset lending market on BNB Chain, supporting collateralized borrowing of USDT with QQQON and others. The 30-day transfer volume surged by 845.89%, indirectly stimulating on-chain activity.

Market Views and Outlook

The community responded positively to the Bitget listing, with related X posts earning over 43 likes. It is considered a key step for RWA (Real World Assets) to bridge TradFi, with mainstream sentiment optimistic about the convenience of 24/7 trading and the potential for DeFi integration. Analysts note that while the listing brings short-term traffic benefits, caution is needed regarding price volatility risks under low liquidity, with NAV stabilizing around $600.