- On-chain data shows large, coordinated ONDO transfers to 3 CEXs.
- Activity suggests a possible large-scale sell-off by major holders.
- Increased exchange supply could lead to significant selling pressure.
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ONDO On-Chain Activity Flags Transfers to 3 Major Exchanges
On April 12, 2026, large batches of ONDO tokens were transferred to three major centralized exchanges, raising concerns about a potential sell-off.
On-chain researchers flagged the coordinated activity, noting that multiple wallets were involved in the transfers. The activity was observed across three major crypto exchanges, indicating a potentially widespread event.
The transfers involved a significant number of ONDO tokens, moved in large batches to the exchanges. This action increases the liquid supply of ONDO on these platforms, making them available for trading or selling.
This influx of tokens onto exchanges could lead to heightened selling pressure. A significant increase in tokens available on exchanges can lead to a sharp decline in the ONDO token's price if a large-scale sell-off materializes.
This article is for informational purposes only and does not constitute investment advice.
