ONDO Finance Drops 9% in Flash Crash as Longs Face $1.54M Liquidation

Key Facts

1ONDO price dropped 9.03% within a single hour to reach $0.5175.

2Long positions worth $1.54 million were liquidated amid the sharp volatility.

ONDO price dropped 9.03% within a single hour to reach $0.5175 on September 28, 2026. TokenPost reported that the sharp volatility triggered the liquidation of $1.54 million in long positions across Binance, Bybit, and OKX during the same one-hour window.

The token experienced intense selling pressure as it fell from $0.5689 just one hour prior to the flash crash. According to the reported figures, Ondo Finance held a market capitalization of approximately $2.516 billion, ranking 43rd among crypto assets, while short positions saw zero liquidations during the decline.