Ondo's ONDO token fell 6.1% over the past 24 hours to about $0.35, near the bottom of its $0.3438 to $0.3751 daily range, as a fight over control of Ondo Finance and a bearish chart setup weighed on sentiment. The token's market capitalization stood at about $1.71 billion after Kathleen Allman sued in the Delaware Court of Chancery (specialized Delaware corporate court) to remove Chief Executive Officer Ian De Bode following founder Nathan Allman's death in late May, arguing that Nathan's majority voting shares now belong to his estate and saying the board elected her interim CEO on July 24, a move De Bode disputes. Support for De Bode from the Ondo Foundation and backers including Coinbase, Wintermute, Tiger Global and Founders Fund has kept the governance dispute in focus at a company formed in 2021 to tokenize real-world assets and build decentralized financial infrastructure. More than 10 million ONDO tokens reportedly moved to exchanges, while analyst Crypto With Gopal said the chart resembled a double-top pattern (bearish reversal formation) that could intensify pressure if price breaks below its neckline. CoinGlass data added to the cautious tone as futures open interest (total outstanding derivatives positions) fell 7% within one day to $176.95 million, long liquidations reached about $941,190 versus roughly $6,780 for shorts, and funding rates (payments between leveraged traders) turned negative at -0.0004%; traders are now watching both the court case and the technical setup because the outcome could shape Ondo Finance's future direction and the token's valuation.