The fountain-monument is located in the public park of Corso XXII Marzo, dedicated to the memory of Vittorio Formentano, founder in 1927 of the Associazione Volontari Italiani del Sangue.
Monument wanted by the Associazione Marinai d’Italia to celebrate a city without sea, but which had its first association of sailors in 1912 and to remember the sailors fallen during the Second World War. The fountain, work of Francesco Somaini (1926 – 2005 ), internationally renowned Lombard sculptor, was inaugurated, as urgently requested by the promoting committee, on September 10, 1967 in the presence of the then President of the Council Aldo Moro, but the park will be completed only in 1969. Following the celebration in the Duomo, a procession of thirty-five to fifty thousand sailors, walking along the streets of Milan, arrived at what would later be called Largo Marinai d’Italia, where the "Onda Vittoria" monument was inaugurated. The complex was donated to the Municipality by the Associazione Marinai d’Italia (Italian Sailors’ Association). A disposable fountain of about 800 square metres, it is made up of a large basin with a circular shape, sunken and surrounded by steps for seat use; on one side there is an iron walkway, with a series of pylons, representing the pier; the whole is surmounted by a bronze sculpture, representing a wave crest; the water overflows from a slightly raised section of the basin, along the walkway. To describe the shape of the statue, we take up the words of Somaini himself: "On a fringing sea wave, a woman’s body is grafted. This body materializes at the top in two wings, almost a winged victory, with classical forms. “