Ondo-linked wallet transfers 26.05M ONDO tokens worth $9.79M to Coinbase, signaling potential market activity.

An address linked to Ondo transferred 26.05 million ONDO tokens to Coinbase, valued at about $9.79 million. This move is part of a larger pattern where Ondo-related wallets have sent a total of 116 million ONDO tokens to Coinbase over the past month and a half. Large deposits to exchanges like Coinbase often indicate potential sell pressure, though the tokens may also be moved for custody or other non-sale reasons. Traders will watch ONDO's price, trading volume, and further transfers closely to gauge market impact.