Ondo Finance’s ONDO token recorded a fresh multi‑million transfer as its multisig wallet moved 150 million ONDO tokens—valued at roughly $49.56 million—to a newly created address while the coin’s price slipped to $0.3107.
Token Transfer Activity
Arkham intelligence shows the wallet’s large outflow follows a recurring pattern: after the initial move, the tokens typically appear on major exchanges, most notably Coinbase. A week earlier, the same wallet deposited 46.06 million ONDO tokens, worth about $16.78 million, after a prior transfer was completed.
These sequential deposits have drawn trader attention because each batch could signal upcoming liquidity on exchange order books. When tokens arrive on a platform while ONDO remains weak, the added supply may exert downward pressure on the price.
Market Impact and Investor Sentiment
ONDO continues to trade inside a descending channel, forming lower lows after a failed breakout near $0.39. The Spot market recorded negative netflows over the past seven days, with more than $80 million exiting exchanges against a similar $80 million inflow, resulting in a net outflow of $115 000.
Negative netflows suggest that investors are pulling ONDO tokens off exchanges, a move that often precedes reduced on‑chain activity. Nevertheless, demand remains relatively resilient, and the blockchain’s broader crypto market continues to monitor the token’s price trajectory closely.