Top Real World Asset (RWA) Crypto Tokens to Watch in September
RWA Altcoins: Key Tokens for September
The real-world asset (RWA) token market has experienced a correction, with tokens down 3.7% over the last month. Despite this, the long-term potential of RWAs remains strong. Several RWA altcoins are demonstrating solid fundamentals and promising price setups as we head into September.
Chainlink (LINK)
Chainlink (LINK) is a leading RWA altcoin, recently reinforced by a partnership with the US Department of Commerce to bring macroeconomic data on-chain. This collaboration enhances Chainlink's credibility and utility.
Whale Activity
- Whale balances increased by 29.52% in August, reaching 5.03 million LINK.
- The top 100 addresses now hold 646.8 million LINK, a 0.47% increase.
- Exchange balances dropped by 4.19%, signaling a bullish outflow trend.
Price Analysis
Chainlink has shown resilience, maintaining an uptrend with over 30% gains month-on-month. The Bull-Bear Power (BBP) indicator suggests bulls are largely in control.
A breakout above $25.80 could lead to $27.62, with potential targets as high as $43.04. Failure to hold $22.86 might invite pullbacks. With increasing whale activity and growing validation, Chainlink is a key RWA to watch.
Ondo (ONDO)
Ondo (ONDO) is rapidly growing in the RWA space, tokenizing real-world assets like US Treasuries and corporate bonds for on-chain investors.
Whale Accumulation
Whales have been accumulating ONDO in late August. Holdings in the 100 million to 1 billion ONDO cohort grew from 981.38 million ONDO on August 24 to 989.53 million ONDO.
Technical Indicators
ONDO shows a bullish divergence, with the price making lower lows and the RSI printing higher lows, suggesting weakening bearish pressure. ONDO is up 13.2% over the past three months.
Immediate resistance is near $0.93. A breakout above $0.9786 could target $1.14.
Maple Finance (SYRUP)
Maple Finance operates a credit marketplace focused on institutional lending. Its native Syrup (SYRUP) token is gaining traction as an RWA token.
Performance
Syrup has gained 39.9% over the past three months and 4.2% in the last month, showing resilience despite market volatility.
On-Chain Data
- Top 100 addresses increased holdings by 16.79%, adding about 160 million SYRUP.
- Exchange balances dropped by 23.51%, indicating a supply squeeze.
Price Action
Holding above $0.42 keeps bulls in control. A breakout above $0.53 could fuel momentum toward $0.62–$0.77 in September. However, a drop below $0.38 would invalidate the bullish setup.