ONDO Whale Moves 20M Tokens as Ondo Finance Crosses $800M Tokenized Stock TVL

TLDR:

• Wallet 0x524, linked to Ondo Finance, transferred nearly 20M ONDO tokens across two separate destination wallets.
• Whale wallets 0x807 and 0x61d moved 2.84M ONDO from Coinbase Hot Wallet to Custody, signaling long-term holding intent.
• Wallet 0xFC9, flagged as a long-time associate wallet, received 4.9M ONDO tokens in a potential sell-off move.
• Ondo Finance crossed $800M in tokenized stock TVL, yet growing project success may increase VC and team profit-taking pressure.

ONDO token activity has attracted attention after a wallet linked to Ondo Finance moved nearly 20 million tokens.

On-chain data captures two outgoing transfers to separate destination addresses. At the same time, two whale investors moved a combined 2.84 million tokens off Coinbase Hot Wallet to Coinbase Custody.

These events come as Ondo Finance crossed $800 million in tokenized stock total value locked, marking a notable project milestone.

Large Transfers From Project-Linked Wallet Raise Sell-Off Concerns

Wallet 0x524, connected to Ondo Finance, transferred approximately 15 million ONDO tokens to multi-sig wallet 0x611.

That movement carried an estimated value of $3.95 million at the time of the transfer. The multi-sig structure of the destination wallet generally points to a more controlled custody setup.

Shortly after, 4.9 million ONDO tokens, worth around $1.29 million, moved to wallet 0xFC9. On-chain analyst Nazoku flagged this transfer on social media, describing 0xFC9 as a long-time associate wallet. The analyst noted the transfer to that wallet could be connected to a potential sell-off.

Together, both outflows account for nearly 20 million tokens leaving wallet 0x524 within a short period. Transfers of this size from project-affiliated wallets often draw quick attention from traders and market watchers.

Such movements are frequently interpreted as potential signs of incoming sell pressure. Such moves by core-affiliated wallets are hard to ignore when they happen close together.

This kind of activity can weigh on token sentiment, regardless of project fundamentals. Whether wallet 0xFC9 proceeds with a sell-off has not yet been confirmed. Market participants are closely watching both wallets for any further movement.

Whale Accumulation and $800M TVL Reflect Long-Term Market Confidence

On the other hand, two whale wallets moved 2.84 million ONDO tokens from Coinbase Hot Wallet to Coinbase Custody.

Moving assets to Custody is widely viewed as a long-term holding signal rather than short-term trading. Nazoku flagged this activity alongside the outflow report.

Whale 0x807 acquired 1.7 million tokens valued at around $458,000. Whale 0x61d withdrew 1.14 million tokens worth approximately $314,400 in the same period.

Both whales reportedly plan to hold their positions unless the token price gains at least 50%. This approach is common among investors who hold a high-conviction view on an asset.

Ondo Finance also reported that its tokenized stock TVL has crossed the $800 million mark. The project works within the real-world asset sector, an area that has drawn steady institutional interest. This figure reflects growing on-chain demand for tokenized financial instruments.

However, a growing TVL can also give venture capital backers and team members more reason to realize profits. As Nazoku pointed out, this creates a persistent selling force on ONDO that offsets positive project news.

The on-chain picture remains mixed, with profit-taking and accumulation happening side by side.

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