Market Makers Move $6.8 Million in ONDO to Exchanges
- —FalconX transferred $3.89 million in ONDO to Binance
- —Ondo Finance sent $1.46 million to Coinbase as part of a 4 million token plan
- —Coinbase transferred $1.48 million in ONDO to Bybit
- —ONDO futures netflow fell 102% to -$34 million over the week
Why it matters: Token transfers to exchanges may signal preparations for large institutional sales, risking a breakdown of the $0.34–0.35 range toward $0.32.
Source: AMBCrypto