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$ONT This veteran project Ontology suddenly surged!
It skyrocketed nearly 30% in 24 hours, with an intraday high of up to 80% gains, making it one of the most aggressive old coins recently.
Trading volume significantly increased, with the Korean market contributing over 40% of the trading volume.
The main reason is the upcoming EU eIDAS 2.0 digital identity wallet, which directly targets Ontology's DID narrative to 450 million users.
However, as an established project with a Chinese background, the rapid rise poses a risk of profit-taking and sell-offs.
Additionally, ONT currently has a very high holding concentration, reaching 99.8%, indicating that funds are highly concentrated in a few accounts. It is now approaching the resistance zone of $0.065-$0.070, so caution is advised in the short term.
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