ProShares UltraPro QQQ (TQQQON) price

TQQQON tracks ProShares UltraPro QQQ, a fund that aims to deliver a multiple of a daily move in an index or a single stock, or the opposite of that move. The target applies to one day and resets every day.

Over periods longer than a day, the result depends on the path the market took and can differ sharply from the multiple you'd expect, especially when prices swing. Funds like this are built for short holding periods.

Tokenized asset from Ondo Finance representing ProShares UltraPro QQQ (Ondo Tokenized).

WebsiteX

TQQQON contract address

14W1itEkV7k1W819mLSknFTaMmkCtPokbF2tRkPUondo

Ticker

TQQQON

Issuer

Ondo Finance

Status

Verified

Market cap

$184.03K

Liquidity

$184.03K

24h volume

$36.95K

Fully diluted value

$184.03K

Holders

60

TQQQON is issued by Ondo Finance. Ondo Finance issues its tokenized stocks and ETFs through Ondo Global Markets, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.

What you hold is the token, not the underlying asset. TQQQON tracks the price of ProShares UltraPro QQQ, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Ondo Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping TQQQON, and it does not issue, back, or custody the token.

The price of TQQQON on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.

When the underlying fund pays a distribution, Ondo Finance folds it into the token instead of paying it out, so each TQQQON comes to represent slightly more of the fund over time while the number of tokens in your wallet stays the same.

TQQQON can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of TQQQON comes from on-chain trading alone and can drift from the fund's last close.

The scaling factor for TQQQON is 1.0040. It rises as the underlying fund's distributions are folded into the token, so each token represents slightly more of the fund over time while your token count stays the same. Read the factor as accumulated distributions, not as a price change.

Other tokens tracking ProShares UltraPro QQQ