Recently, ONG has continued to weaken, declining over 5% in 7 days and underperforming the broader market. The main reasons are the convergence of three negative factors:

1️⃣ Market sentiment is subdued: macroeconomic uncertainties suppress risk appetite, and the beta value of mid- and low-cap coins amplifies, with ONG bearing the brunt;
2️⃣ Post-upgrade selling pressure emerges: the mainnet burned 200 million tokens, which is a positive development, but in the short term, profit-taking is concentrated, leading to a “positive news realization decline”;
3️⃣ Gas fee adjustments cause disturbances: the community lowered the minimum gas price by 80%, which is a long-term positive for ecosystem activity, but in the short term, it reduces the expected ONG burns. Coupled with insufficient liquidity, selling pressure dominates the market.
💡 Currently, ONG is fluctuating between $0.059 and $0.063, representing a typical stage of “fundamental improvement but market skepticism.”