Linked wallet sells 8.5M ONDO tokens amid steady retail buying during price dips

A wallet linked to Ondo Finance sold 8.5 million ONDO tokens worth about $2.245 million over the past month across major exchanges like Bybit, OKX, and Coinbase. This sustained selling pressure originates from wallets connected to the project, signaling ongoing token distribution. Despite this, retail investors continue buying ONDO tokens during price dips, maintaining steady demand and balancing the market. This dynamic suggests a tug-of-war between large holders offloading tokens and retail buyers accumulating, which may lead to price consolidation rather than sharp declines in the near term.