According to ChainCatcher, on-chain analyst @ai_9684xtpa monitored that the address associated with the ONDO team recharged 200,000 OMNI (about 6.65 million US dollars) to Coinbase 20 minutes ago. This address may belong to an early investment institution that invested in both Ondo and Omni.
It is reported that the address received 200,000 tokens distributed by the OMNI project 18 hours ago (accounting for 1.92% of the total circulating tokens); it also received 144 million ONDO distributed by the Ondo project on 2024.01.18 (accounting for 10.39% of the total circulating tokens).
This institution may have a close connection with Coinbase. The large inflows and outflows of ONDO in the past few months have all occurred on Coinbase. This time, a large amount of recharge was completed in time after the announcement of the launch of OMNI.
