Ondo Finance Moved 116 Million ONDO Tokens Worth $30.21 Million to Coinbase
Over roughly six weeks, the transfers came from a multisig wallet (shared-signature wallet) in weekly batches of about 20 million ONDO before being broken into several Coinbase deposits.
ONDO
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Terms & Concepts
Multisig wallet: A cryptocurrency wallet that requires multiple approvals or signatures to authorize a transaction, adding operational security.
Token transfer: The movement of crypto assets between blockchain addresses, often tracked to monitor treasury activity or exchange flows.
Coinbase deposit: A transfer of digital assets to Coinbase, typically for custody, trading, or liquidity management.