ONDO Whale Transfers Spark Sell Pressure Amid Bullish Funding Rates

Large ONDO holders moved over 10 million tokens to Coinbase in recent transactions, raising concerns about potential selling pressure on the market. Despite this, ONDO's price has remained stable above $0.373 support, but selling pressure continues to dominate spot and futures markets.

The positive funding rates suggest that leveraged traders remain bullish, creating a tug-of-war between sellers and confident long traders. This uncertainty puts ONDO at a critical point where stronger buying is needed to push past resistance at $0.4236 or risk falling to $0.34 support next.