Deep Dive
1. Staking Support Withdrawals (Bearish Impact)
Overview: Exodus Wallet discontinued ONT/ONG staking on July 13, 2025, forcing users to migrate assets. Similar delistings occurred on EXMO (May 2025) and Bitvavo (August 2025), reducing staking options. Historical data shows mid-cap tokens often face short-term sell-offs after losing exchange support.
What this means: Forced asset migration could trigger immediate selling, worsening ONG’s -12.5% 60-day decline. Limited staking alternatives may reduce long-term holder incentives, pressuring prices until new platforms emerge (Kanalcoin).
2. Liquidity Erosion (Mixed Impact)
Overview: ONG lost trading pairs on EXMO, Bitvavo, and others since 2024 due to low liquidity. Current 24h volume ($3.14M) represents just 4.7% of its market cap, signaling thin order books. However, Ontology’s focus on decentralized identity (e.g., August 2025 video) could revive utility-driven demand.
What this means: Delistings amplify volatility risks, but successful adoption in identity solutions might offset liquidity drag. Watch for partnerships or protocol upgrades that boost on-chain activity.
3. ONT Staking Mechanics (Bullish Catalyst)
Overview: ONG’s demand is tied to ONT staking – when ONT is locked, reduced supply historically lifts its price, increasing network activity and ONG usage. A 2019 staking event saw ONG’s price rise across all modeled scenarios as ONT’s circulating supply tightened.
What this means: If Ontology incentivizes new staking pools or ONT holders accumulate, ONG could benefit from higher transaction demand. However, this requires sustained ONT bullishness, which faces headwinds from its -46% annual decline.
Conclusion
ONG’s path hinges on balancing exchange-driven liquidity risks with Ontology’s niche in decentralized identity. While staking disruptions and delistings threaten near-term stability, a resurgence in ONT’s utility could reignite demand. Key question: Can Ontology’s 2025 roadmap accelerate dApp adoption before exchange exits erode market depth?