A wallet linked to the Ondo Finance team has deposited 26 million ONDO tokens to Coinbase, according to on-chain data, sparking concerns about potential selling pressure on the token. The transfer represents a significant movement of tokens from an address associated with the project’s early backers or team allocation.
The deposit to the exchange was detected by blockchain monitoring services, which flagged the wallet as being connected to the Ondo Finance team based on historical transaction patterns and token distribution data. The movement of tokens to a centralized exchange typically precedes selling, as holders transfer assets to platforms where they can be liquidated.
Despite the potential overhang, ONDO has demonstrated resilience, with the token maintaining its value near recent trading ranges. Analysts suggest that market depth and buyer demand have so far absorbed any selling that may have occurred, though continued selling from team wallets could exert downward pressure on the price.
Ondo Finance, a protocol focused on real-world asset tokenization, has been one of the better-performing projects in the RWA sector. The token has benefited from a series of institutional partnerships, including collaborations with DTCC, SBI Holdings, and tokenized securities initiatives that have boosted confidence in the project’s long-term prospects.
The RWA tokenization sector has seen significant growth in 2026, with multiple major financial institutions launching tokenized products on blockchain networks. Ondo has positioned itself as a key infrastructure provider in this space, offering protocols for issuing and managing tokenized assets.
This article was adapted from AMBCrypto. Read the original here.
