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Strict Regulation Leads to 7% Short-Term Surge in ONDO as Cross-Border Brokerages Are Targeted, Trader Reports 170% Weekly Gain

2026.05.22 18:17:34

May 22, per HTX market data, Ondo Finance’s native token ONDO — a leading project in the Real World Assets (RWA) sector — experienced a sharp short-term surge of 7.3% to hit a high of $0.44 before pulling back to $0.427. The token has also rallied 29% from its recent low over the past five days. This sudden price jump followed news that China’s Securities Regulatory Commission (CSRC) is cracking down on illegal activities, including unregulated cross-border operations by wirehouses. Per HyperInsight’s monitoring, a Hyperliquid trader opened a long position on ONDO six days ago, allocating $68,000 in capital when the token traded at roughly $0.36. As of press time, that position holds $117,000 in unrealized gains, amounting to a 173% return. Wallet Address: 0xd28e005c992b168d0b20fca312958e105bb260ab
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