Ondo Finance deposits $10.2M in ONDO to multiple exchanges

An Ondo Finance (ONDO) multisig address deposited 25 million ONDO, worth approximately $10.2 million, to five exchanges including Coinbase, OKX, Bybit, Gate, and KuCoin about six hours ago, EmberCN reported. Such transfers to exchanges are often seen as a precursor to selling.