SanDisk (Ondo Tokenized)
SNDKONThe full report. Score, pillars, arithmetic, risk, scenario, signal and notes.
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About SanDisk (Ondo Tokenized)
Analysis of 18 Jun 2026SanDisk (Ondo Tokenized), or SNDKON, is the Ondo Global Markets tokenized version of SanDisk Corporation equity exposure. CoinGecko lists SNDKON as an Ondo Tokenized Asset, Tokenized Stock, and Real World Asset available on Ethereum, BNB Chain, Solana, and HyperEVM, with trading on Ondo Global Markets, LBank, and MEXC.
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As of June 18, 2026, CoinGecko shows SNDKON near $2,012, roughly $7.4M in market capitalization, about 3,685 circulating tokens, and roughly $1.6M in 24-hour volume after trading about 6.8% below its June 16 all-time high.
The product is a tokenized equity wrapper rather than an independent crypto protocol: Ondo documentation says Global Markets tokens provide economic exposure to the underlying asset, including dividends net of applicable withholding taxes, but they are not the underlying stock and do not provide shareholder rights.
The underlying SanDisk story is powerful but cyclical. SanDisk reported fiscal Q3 2026 revenue of $5.95B, up 97% sequentially and 251% year over year, with GAAP net income of $3.615B, Datacenter revenue up 233% sequentially, and fiscal Q4 revenue guidance of $7.75B to $8.25B as AI infrastructure demand tightened NAND supply and lifted pricing.