Why have altcoins like ONDO, ZEC, BIO, and TON surged recently?

📄Full Article· Automatically extracted by trafilaturaGemini 翻譯9768 words

It is currently not a full-blown altseason, but a select few tokens like ONDO, ZEC, BIO, and TON have surged due to the resonance of institutional narratives, shrinking circulating supplies, and short squeezes. The market is rewarding targets with clear catalysts and "circulating supply black holes." (Context: Multicoin founder reveals: Heavy position in ZEC since February; California's seizure of crypto assets becomes the strongest catalyst for privacy coins.) (Background: TON returns to Telegram after six years; how did Durov make it "great again"?) The financial market is increasingly less affected by the US-Iran war. In the first week of May, most assets were rising. BTC repeatedly tested the $80,000 level, reaching as high as $83,000. The S&P 500 hit new highs, and semiconductor stocks drew a parabolic curve. The front-running of funds ahead of Strategy's STRC ex-dividend date continues. Looking deeper into the crypto space, the rising assets are more eclectic. Many seemingly unrelated coins are rising, unlike the past where a specific vertical sector would rally across the board. For example, ZEC doubled in a week, peaking at $600 with its market cap briefly exceeding $10 billion. TON rose 120% in a single week, with its $7.6 billion market cap briefly surpassing LINK to enter the top 20. ONDO rose 50% following news of the DTCC working group, climbing from $0.18 to near $0.4. LAB's FDV reached $4.5 billion. SKYAI is up 10x in a month. Smaller caps like LUNC, BIO, STRK, JTO, and PENDLE are also following suit. It looks like an altseason, but in reality, the Altcoin Season Index has been stuck at 39 for a long time, BTC dominance is at 58.8%, and only about half of the top 100 are above their 50-day moving averages. In other words, only a very limited number of targets are actually rising. Many of the remaining old DeFi coins that no one is shilling, and protocol tokens relying solely on TVL data, remain in a sideways state. In this article, Rhythm editors break down ONDO, ZEC, BIO, and TON—four representative tokens—to analyze the reasons for their rise. First, let's look at ONDO. ONDO is the leader in the RWA sector, rising 57% over the past week and currently trading near $0.4. Its rise this time is mainly due to the implementation of two partnerships. On May 4, Ondo was selected for the Industry Working Group of the DTCC (Depository Trust & Clearing Corporation, the core financial infrastructure of the US capital markets). This working group also includes financial giants such as BlackRock, Goldman Sachs, JPMorgan, Franklin Templeton, Morgan Stanley, Bank of America, Citadel Securities, NYSE Group, Circle, Fireblocks, and Robinhood. The scale of the DTCC is immense. It custodies $114 trillion in assets with an annual clearing value of $3.7 quadrillion; it is the pipeline behind the US securities market that almost everyone must pass through. The SEC issued a no-action letter to a DTC subsidiary at the end of 2025, clearing the regulatory path. The DTCC's own tokenization service is planned for limited launch in July 2026, with an official start in October, initially covering Russell 1000 stocks, major ETFs, and US Treasuries. Ondo's entry into this working group means it has the opportunity to participate in defining the token-layer interface for this future standard. Ondo + JPMorgan + Mastercard + Ripple achieve cross-border settlement cooperation. Immediately after, on May 6, Ondo, in conjunction with JPMorgan's Kinexys, Mastercard's MTN network, and Ripple, successfully executed the first cross-border tokenized Treasury redemption. The process went as follows: Ripple redeemed a portion of its OUSG (Ondo's short-term US Treasury token fund), the redemption instruction was issued on the XRP Ledger, Mastercard's multi-currency network handled the routing, JPMorgan's Kinexys completed the fiat settlement, and the funds entered Ripple's bank account in Singapore. The entire process was completed within 5 seconds outside of traditional banking hours, whereas conventional cross-border settlement typically takes 1 to 3 business days. DTCC CEO Frank La Salla explicitly stated in public, "Tokenization will fundamentally change the way markets operate." BlackRock's Larry Fink defined tokenization as "the next evolution of markets" even earlier. Statements from figures

Data Status✓ Full text extractedRead Original (動區 BlockTempo)

🔍Historical Similar Events· Keyword + Asset Matching1 items

2026-05-08

Telegram’s TON Could Become the World’s Biggest Retail Blockchain After Explosive 100% Surge

Similarity 120%關鍵字 ton同分類 bullish

💡 Currently matching via keywords + symbols (MVP) · Will be upgraded to embedding semantic search later

Raw Information

ID:eaa5572031

Source:動區 BlockTempo

Published:2026-05-10 01:56:46

Category:bullish · Export Category bullish

Symbols:Unspecified

Community Votes:+0 / −0 · ⭐ 0 Important · 💬 0 Comments