Ondo Supply Fears Mount as $1.35M Token Transfer Sparks Market Pressure

A recent $1.35 million token transfer from an Ondo team-linked wallet to Coinbase has raised concerns about supply pressures on the asset.

The transfer, worth approximately $4 million in tokens, brings the total allocation moved towards the exchange to 60% of the original amount.

With trading volume declining by 5.46% to $66.05 million, and spot sellers dominating market activity, the available demand for Ondo is increasingly thin.

The 90-day Spot Taker CVD indicates a seller-dominant market, where aggressive selling outpaces buying interest.