According to on-chain analyst Ember, the Ondo project’s multisig wallet (shared-signature crypto wallet) sent tokens to Coinbase and other exchanges over the past two months.
The Ondo project’s multisig wallet (shared-signature crypto wallet) transferred more than 328 million ONDO valued at $98.42 million to Coinbase and other exchanges during the past two months, according to on-chain analyst Ember. The reported movements indicate a sizable token flow from a project-linked wallet to trading venues, a pattern market participants often watch because exchange deposits can increase available supply for trading. The source material identifies the scale, destination type, and timeframe of the transfers, but does not specify whether the tokens were sold, redistributed, or moved for custody or liquidity management.