Two multisig addresses linked to the Ondo team deposited tokens worth $4.42 million to a centralized exchange over the past 10 hours, according to on-chain analyst Ai Yi (@ai_9684xtpa). According to BlockBeats On-chain Detection, the addresses are suspected of having sold $29.94 million worth of ONDO over the past 30 days.

The linked addresses still hold $12.68 million worth of ONDO on-chain.