ONDO jumped ~18% on its tokenized-stock launch, and unlike most catalyst pops, the on-chain side is following. 📈 ONDO rose from ~$0.31 to ~$0.37 over Jul 14 to 16, roughly +18%, after launching DTCC-backed tokenized stock representations and a partnership with Japan’s SBI Group for tokenized equities. 🆕 New addresses are building, not blipping: 367, then 562, then 754 across Jul 14 to 16, the strongest three-day stretch since June and double the early-July pace. 📊 Usage moved with them. Active addresses climbed 1,410 to 1,971 to 2,589 over the same days, the busiest since June 30. 🧭 That is the tell. Catalyst pops usually fade in a day; here new wallets and activity are still climbing three days in, while LINK, the other tokenization name, saw price rise on flat on-chain. The headline was a launch. The on-chain follow-through is the signal. (researched with Santiment MCP + Claude)