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























