SPYON (Ondo-tokenized SPY ETF) sees 24-hour amplitude reach 97.7%: Bitget listing trading pair boosts liquidity

Volatility Brief

In the past 24 hours, SPYON price surged from a low of $340 to a high of $672.10, currently quoted at $671.98, with an amplitude of 97.7%. Public market data shows the actual 24-hour price range was $668.31-$677.50 (CoinGecko low of $669.84, high of $677.50), with the current price around $671-$674, a 24-hour increase of 0.59%-0.8%, trading volume approximately $2.8-$3.14 million, and a market cap of about $33 million. DEX trading volume remains low, with no abnormal pools observed.

Brief Analysis of Abnormal Movement Reasons

- Bitget exchange launched spot trading for Ondo tokenized assets, including the SPYon/USDT pair, on March 17-18, providing 24/7 trading and enhancing user access to RWA assets.

- Official Ondo and community sources confirmed that listed assets include SPYon and other ETF tokenized products, with a total RWA value exceeding $1 billion and SPYon total asset value at $34 million.

There have been no official announcements, on-chain whale transfers, or news reports within 24 hours to confirm the $340 low or 97.7% extreme amplitude; the price mainly tracks the underlying SPDR S&P 500 ETF (NAV $673).

Market Outlook and Expectations

Community sentiment on X remains positive, with discussions focused on the convenience of Bitget listing and the potential for RWA to integrate with TradFi. Ondo accounts for 58% share of tokenized stocks. Analysts highlight a 308.79% monthly surge in RWA transfers, but short-term attention should be paid to liquidity and underlying index volatility risks, while the tokenization trend is expected to remain strong long-term.