Exodus Wallet will discontinue support for Ontology (ONT) and Ontology Gas (ONG) staking on July 13, 2025, prompting users to transfer their assets before the deadline.
This change impacts short-term liquidity and necessitates asset migration as users adapt to the new asset management environment.
Exodus Discontinues ONT, ONG Staking Support by July 2025
Ontology, led by founder Li Jun, focuses on decentralized identity and Web3 infrastructure. The decision by Exodus Wallet to discontinue ONT and ONG support significantly impacts user asset management and earnings strategy. Li Jun stated, “Our 2025 roadmap strengthens our leadership in decentralized identity and expands Ontology’s infrastructure for every segment of the Web3 economy.”
Exodus has already halted ONT staking, advising users to claim or unstake rewards before the July deadline. The decision requires users to seek alternative staking platforms or face asset liquidity challenges.
Temporary Sell Pressure Expected on ONT, ONG
Ending support on Exodus Wallet may lead to temporary sell pressure on ONT and ONG as users migrate assets. Additionally, the need to transfer or swap currencies can introduce short-term liquidity concerns for token holders.
User migration efforts mirror past staking changes resulting in price volatility, as seen when other mid-cap tokens lost exchange support. Observers anticipate potential sell-off trends unless new staking avenues are swiftly adopted.
Stakeholder Urgency in Asset Relocation Post Exodus Shift
Similar instances like support removal for mid-cap tokens have caused short-term price volatility. The impact underscores the need for stakeholders to adapt quickly to minimizing exposure to potential losses.
Experts from Kanalcoin emphasize the importance of moving assets promptly and utilizing continued support on ONTO Wallet. Stakeholders must note similar disruptions in past cycles while navigating Asset management strategies accordingly.
| Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. |
