Ondo Finance deposits $9.15M in ONDO to Coinbase, Bybit

An Ondo Finance (ONDO) multisig wallet transferred 150 million ONDO, worth $63.88 million, to an external address seven hours ago, according to a report from EmberCN on X. Subsequently, one hour ago, 21.338 million ONDO ($9.15 million) was deposited into Coinbase and Bybit. Deposits to exchanges are typically interpreted as a precursor to selling.