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>>The Ondo Project's multisig wallet has transferred $98.4 million in ONDO to exchanges, prompting worries about possible selling.

The Ondo Project's multisig wallet has transferred $98.4 million in ONDO to exchanges, prompting worries about possible selling.

crypthub

7 days ago

Token Transfers

The Ondo project multisig moved ~328 million ONDO ($98.4 M) to exchanges, mainly Coinbase, over the last two months. Transactions were regular and involved millions of tokens each. No official explanation has been given.

Market Implications

The amount equals about 23 % of ONDO’s circulating supply and coincided with a price drop from $0.45 to $0.30. In crypto, exchange deposits are often taken as a sell signal, creating bearish pressure. Analysts link the decline partly to these moves.

Investor Outlook

Large wallet activity is a key risk cue for holders and would‑be buyers. While sales may fund operations, the opaque intent adds uncertainty. Watching on‑chain data and future project statements is recommended.

The Ondo Project's multisig wallet has transferred $98.4 million in ONDO to exchanges, prompting worries about possible selling.

Token Transfers

Market Implications

Investor Outlook

The Ondo Project's multisig wallet has transferred $98.4 million in ONDO to exchanges, prompting worries about possible selling.