$ONDO will undergo a massive token unlock today.
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Whaler Talk
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Institutional Dump Incoming? Massive $ONDO Movement Detected
On-chain data reveals a potential sell-off coordinated by early investors and the project team. Pantera Capital wallets and Ondo Finance have transferred over 200 million ONDO (~$80M) to the multisig address 0x5240.
This hub is aggressively distributing tokens to major CEXs. Key movements observed:
- Binance: received ~4 million ONDO in the last hour.
- Coinbase, OKX, Kraken: received tens of millions via intermediate wallets recently.
Is this a routine unlock or a major exit by VCs? With such heavy supply hitting the exchanges, traders should watch liquidity depth closely. Stay safe out there!
On-chain data reveals a potential sell-off coordinated by early investors and the project team. Pantera Capital wallets and Ondo Finance have transferred over 200 million ONDO (~$80M) to the multisig address 0x5240.
This hub is aggressively distributing tokens to major CEXs. Key movements observed:
- Binance: received ~4 million ONDO in the last hour.
- Coinbase, OKX, Kraken: received tens of millions via intermediate wallets recently.
Is this a routine unlock or a major exit by VCs? With such heavy supply hitting the exchanges, traders should watch liquidity depth closely. Stay safe out there!
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