RWA / Tokenisation · RWA / Tokenisation
Ondo all-time high and real returns ONDO
A tokenisation platform that brings institutional-grade products such as US Treasury bills on-chain.
Ondo all-time highs and real returns
In dollars and pounds, before and after inflation, since Apr 2024.
−43.9%Ondo after US inflation since Apr 2024−20.6% a year
Down 40.1% in dollars since Apr 2024. After US inflation, down 43.9%. Against money printing, down 46.2%.
In pounds, down 43.3%, or down 47.3% after UK inflation.
- $ nominal
- −40.1%−18.5% a year
- £ nominal
- −43.3%−20.3% a year
- Real $ (US CPI)
- −43.9%−20.6% a year
- Real £ (UK CPI)
- −47.3%−22.6% a year
- vs US M2
- −46.2%−22.0% a year
- Measured from
- Apr 2024to Oct 2026, 2 years 6 months
- Ondo, Real $ (US CPI)$0.5035
- $ nominal$0.5035
- Oct 2026, latest
Loading the chart. Every figure is also in the table below.
| Period | $ nominal | £ nominal | Real $ (US CPI) | Real £ (UK CPI) | vs US M2 |
|---|---|---|---|---|---|
| Past year from Oct 2025 | −26.7% | −27.3% | –a (see note a) | −29.2% | −30.2% |
| Since Apr 2024 first month in our data | −40.1% −18.5% a year | −43.3% −20.3% a year | −43.9% −20.6% a year | −47.3% −22.6% a year | −46.2% −22.0% a year |
- a US CPI was not published for Oct 2025.
On month-end closes, Ondo's highest price was $1.613 in Dec 2024, which is $1.712 in Oct 2026 dollars after US inflation. The latest close of $0.5035 is 70.6% below the real high. The intraday record, $2.140 on 15 December 2024, is higher than any month-end close.
Cycle peaks, falls and recoveries
Month-end highs followed by a fall of 50% or more, and the high that stands today, in Oct 2026 money.
| Peak | $ then | Today's $ (US CPI) | £ then | Today's £ (UK CPI) | vs M2 today | Fall after | Back above, $ | Back above, real $ |
|---|---|---|---|---|---|---|---|---|
| Dec 2024 All-time high | $1.613 | $1.712 | £1.288 | £1.364 | $1.752 | −83.8% low Feb 2026 | Not yet | Not yet |
Return since our first month and since each cycle low
From the month-end close in the first column to Oct 2026.
| From | $ then | $ nominal | Real $ (US CPI) | Real £ (UK CPI) | vs US M2 |
|---|---|---|---|---|---|
| Apr 2024 First month in our data | $0.8402 | −40.1% −18.5% a year | −43.9% −20.6% a year | −47.3% −22.6% a year | −46.2% −22.0% a year |
| Feb 2026 Lowest since the high | $0.2614 | +92.6% | +87.9% | +91.1% | +86.5% |
Every month ONDO closed at a new high
4 month-end closes above every earlier one
| Month | Close, $ | Today's $ (US CPI) |
|---|---|---|
| Dec 2024 | $1.613 | $1.712 |
| Jun 2024 | $1.188 | $1.267 |
| May 2024 | $1.168 | $1.245 |
| Apr 2024 | $0.8402 | $0.8976 |
How these figures are worked out
Sources, inflation measures and what is left out
- Month-end closes from Kraken, Binance, Apr 2024 to Oct 2026. Oct 2026 is still in progress, so its figure is the latest close rather than a month-end. Our history for Ondo starts in Apr 2024, so longer windows are left out.
- Real figures divide by US CPI (BLS, via FRED) or UK CPI (ONS, joined to the ONS long-run RPI before Jan 1988) and are stated in Oct 2026 money. The M2 lens divides by the US M2 money supply (Federal Reserve, via FRED). Pounds convert at each month's GBP/USD rate.
- US CPI is published with a lag: Oct 2026 uses the Aug 2026 figure.
- UK CPI is published with a lag: Oct 2026 uses the Aug 2026 figure.
- US M2 is published with a lag: Oct 2026 uses the Aug 2026 figure.
- A return of 12 months or more also shows its yearly rate. Gaps in a source are left as gaps and never filled in.
Ondo at a glance
Key numbers
- Market cap $2.3bn Rank 48
- 24-hour volume $190.7m
- 7 days -4.9%
- 30 days +36.6%
- Circulating supply 4.9bn Of a maximum 10.0bn
- Risk level Medium
- Listed on 1 of 5 Coinbase
Why it sits in this zone
The model places Ondo in the Mild discount zone on a Bargain Score of 48, a partial set of buy-side conditions led by Price 78% below ATH, greed high and funding negative. It is 78% below its all-time high of $2.14 from December 2024. Getting back there would take a 4.6-fold rise from today's price.
What drives the score
Once the weights are applied, price distress (0.73 out of 1) adds the most to its score and derivatives positioning (0.20) the least. Only 49% of its supply is circulating, so future releases weigh on the token supply score. It has come through one full market cycle by the model's definition, and its chance of a new all-time high is rated High. It belongs to the tokenisation theme, where the growth of tokenised assets and the price of the token do not always move together.
Where the cycle targets come from
A smaller repeat of Ondo's past range would not get it back to its old high, so the model anchors the cycle targets to that high instead, at $2.25, $2.46 and $2.78, and even the low scenario would need a 378% move from today's price.
Ondo: questions people ask
What was Ondo's all-time high in today's money?
Ondo's highest recorded price was $2.140 on 15 December 2024, from CoinGecko's record of intraday trades. Restated with US CPI to Oct 2026, that is $2.271 in today's dollars. In pounds it was £1.709 at the time, or £1.810 after UK inflation.
On month-end closes, which is what our tables use, the peak was $1.613 in Dec 2024, worth $1.712 today. The latest price is 70.6% below the real high.
Has Ondo beaten inflation since Apr 2024?
Our monthly history for Ondo starts in April 2024. Since then it is down 40.1% in dollars and down 43.9% after US inflation, so it has not kept up with inflation over that stretch. Measured in pounds after UK CPI the figure is down 47.3%. Against the US M2 money supply it is down 46.2%.
How long did Ondo take to recover from past crashes?
After the Dec 2024 peak of $1.613 it fell 83.8% by Feb 2026, and has not closed above that high since. In real terms it has not recovered.
These use month-end closes, so intraday highs and lows were more extreme.
How far is Ondo below its all-time high?
Ondo is 78.0% below its all-time high of $2.14, which it set on 15 December 2024, and its all-time low is $0.0822, from January 2024. Getting back to the high from today's price of $0.4701 would take a rise of about 355%. These figures come from CoinGecko and refresh every five minutes.
What is Ondo's Bargain Score?
The Bargain Score is 48 out of 100 (Watch). It combines the discount from the previous high, market sentiment, momentum and the coin's track record across past cycles. On our zone scale that places Ondo in the Mild discount zone: Price 78% below ATH · greed high · funding negative · longs crowded. This describes current conditions; it is not a recommendation.
What do the Ondo cycle scenarios assume?
Low cycle target $2.247 (Previous ATH + 5% (the model’s cycle multiple lands below the previous high).). Base cycle target $2.461 (Previous ATH + 15%: a return to the previous high (the model’s cycle multiple lands below it).). High cycle target $2.782 (Previous ATH + 30% (the model’s cycle multiple lands below the previous high).). Each is the price the coin would reach if a smaller version of its past cycle repeated, not a loss case. They come from a model of past cycles and can be badly wrong.
How fearful is the crypto market right now?
The Crypto Fear & Greed Index reads 62 (Greed). Low readings mean fear, high readings mean greed. The Bargain Score uses it as one input, because past cycle lows tended to arrive during extreme fear.
What zone is Ondo in today?
Ondo is in the Mild discount zone with a Bargain Score of 48. Two or more of the looser buy-side conditions are met (Price 78% below ATH, greed high and funding negative), which puts it on the discount side of the scale without the full set of signals behind it. Rather than a recommendation, the label is a reading of where Ondo's price and the wider market sit against the model's rules at this moment, and because the Fear & Greed value and the daily RSI both update at midnight UTC, just after midnight is when it is most likely to change. The 3-dot meter beside it shows where that zone sits on the five-step scale, from one dot for Expensive to five for Deep discount.
How long have Ondo's past recoveries taken?
Ondo has had one earlier fall of 50% or more in our price history: after its $1.14 peak in July 2025 it fell 80% and has not closed above that level since. Those are the only data points we have for this coin, which is too few to say anything reliable about the next recovery, since market conditions, supply and competition are different each cycle and some coins never regain a previous high.
What are the cycle targets for Ondo?
The model starts from Ondo's full range, its all-time high of $2.14 divided by its all-time low of $0.0822, which is roughly 26.0-fold. It shrinks that multiple with a decay factor, on the assumption that each cycle is smaller than the last, and applies it from the low. For Ondo that reduced repeat would not reach the old high, so the targets are anchored just above it instead, at $2.25, $2.46 and $2.78, which puts the low scenario 378% above today's price. They describe what a reduced repeat of the past would look like and say nothing about whether that will happen. Cryptoassets are high risk, and you should be prepared to lose all the money you put into them.
Why does Ondo have a Bargain Score of 48 but sit in the Mild discount zone?
Because the score and the zone measure different things. The score blends price distress, sentiment, positioning, resilience and supply into one number, while the zone checks whether specific conditions line up, such as Fear & Greed crossing a threshold or the RSI reaching oversold or overbought levels. With Fear & Greed at 62 (Greed) and Ondo's RSI at 40, not enough of the buy-side conditions are met to move Ondo further up the scale.
Important information
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Cryptoassets are largely unregulated in the UK, so you are unlikely to have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme if something goes wrong. Educational information only, not financial advice. Read our disclaimer.
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