Arthur Hayes deposits $24.7M in ONDO to exchanges

An address believed to belong to BitMEX founder Arthur Hayes deposited 26.28 million ONDO, worth $24.7 million, to Coinbase, Bybit, Binance, and OKX approximately 14 hours ago, according to on-chain analyst ai_9684xtpa. The analyst noted that the tokens were originally received from the Ondo Finance project. This marks the third time Hayes has moved a significant altcoin holding to exchanges, following similar deposits of Ether.Fi (ETHFI) and Ethena (ENA).