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!