According to data monitored by EmberCN, on February 24, a multi-signature wallet linked to Ondo Finance transferred 24.475 million ONDO tokens to the Coinbase exchange. At current prices, the transaction is valued at over $6 million.
This substantial token movement has drawn significant attention from the blockchain community. Analysts speculate that such large-scale transfers could indicate strategic asset adjustments by the project team or signal future ecosystem developments. Given the ONDO token’s recent active performance, similar moves might influence market sentiment.
It is worth noting that the transfer occurred six hours prior to detection, with blockchain records confirming the successful deposit into the Coinbase platform. No official explanation regarding the transaction has been released by the project team as of yet.