Ondo Development Team Transfers ONDO to CEX Platforms

In the last 24 hours, the development team of the Ondo Finance project is believed to have transferred a significant amount of ONDO to various exchanges.

Ondo Development Team Transfers Ondo To Cex Platforms_65b976bcc55d0.webp

Ondo Development Team Transfers ONDO to CEX Platforms

According to an announcement on the social media platform Twitter (X), the analyst @ai_9684xtpa pointed out that on January 22nd, the Ondo Finance project’s multi-sig wallet associated with two addresses allocated 40 million ONDO (equivalent to $10 million USD at the current exchange rate) across various CEX platforms, including Coinbase, Gate, and Bybit.

九小时前,ONDO 项目方疑似再次抛售 4,000 万枚代币,转移后币价已短时下跌 15%,现价 $0.261

项目方多签钱包关联的两个地址于九小时前向 #Coinbase, #Gate, #Bybit 累计充值 4,000 万枚 $ONDO ,价值 1044 万美金

目前两个地址仍持有 1.06 亿枚代币,占流通总量的 7.79% https://t.co/cJinQN6vCB pic.twitter.com/Y7XhD5enxi

— Ai 姨 (@ai_9684xtpa) January 23, 2024

Currently, these two addresses still hold 106 million ONDO, constituting 7.79% of the total circulating supply. It is yet unclear whether this is a sell-off from the project or simply a liquidity provision action to enhance the trading environment and meet the increasing demand of users.

Ondo Finance is a DeFi project focusing on Real World Asset (RWA). It garnered attention after being listed on the US exchange Coinbase yesterday (January 22nd).

Related: Coinbase Stands to Gain the Most from Bitcoin ETF Approval

The ONDO chart following the Ondo development team’s token transfer to CEX platforms

After the ONDO token transfer, the price of ONDO quickly responded with a 15% decrease and is currently fluctuating around $0.24 USD.

ondo development team transfers ondo to cex platforms 65b976bcc89f1

Chart of the ONDO/USDT pair on the 1-hour timeframe on TradingView at 06:59 AM on January 23, 2024.

(100 votes)

5.0/5

(100 votes)

Latest

Bnb Sets New All Time High After Surging 21% In A Week

News | Altcoin | Editor Choice

BNB Sets New All-Time High After Surging 21% in a Week

After surging 21% in just a week, BNB has soared to a new all-time high, capturing the spotlight as the cryptocurrency market rallies.

Crypto Whales Intensify Activity In Uptober As Market Cap Surpasses $4 Trillion

News | Altcoin | Editor Choice

Crypto Whales Intensify Activity in Uptober as Market Cap Surpasses $4 Trillion

The global cryptocurrency market kicked off “Uptober” with renewed enthusiasm as total capitalization surpassed $4 trillion, while whale activity surged — hinting at strategic moves across Bitcoin, Ethereum, and key altcoins amid growing market volatility.

Bitcoin Hits A New Ath As Profit Margins Continue To Shrink

News | Bitcoin | Editor Choice

Bitcoin Hits a New ATH as Profit Margins Continue to Shrink

Although Bitcoin (BTC) continues to set new price records after every halving, historical data shows that the world’s largest cryptocurrency is experiencing diminishing returns with each new cycle.

Cz Says He Was Threatened To Pay $4.4 Billion

News | Editor Choice | Policy & Regulations

CZ Says He Was Threatened to Pay $4.4 Billion

CZ, the founder of Binance, has shaken the crypto world by claiming he was threatened to pay $4.4 billion to avoid false accusations that his exchange financed terrorism.

Binance Hits Record Altcoin Trading Volume As Altseason Heats Up

News | Altcoin | Editor Choice

Binance Hits Record Altcoin Trading Volume as “Altseason” Heats Up

Binance has set a historic record as altcoins captured 82.3% of total trading volume, signaling a new “altseason” fueled by surging institutional inflows and investor demand for non-Bitcoin tokens.

Screenshot 2025 09 10 100533