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Cryptocurrency News Articles

Two Ondo Finance wallets transferred 13.83 million tokens worth $12.2 million into Coinbase Prime about four hours ago.

Mar 26, 2025 at 02:00 am

Ondo Finance continues to build on a wider industry trend in their ecosystem through their recent token deposit at Coinbase Prime which provides insights about their token accumulation and flow management strategies.

Two Ondo Finance wallets transferred 13.83 million tokens worth $12.2 million into Coinbase Prime about four hours ago.

Two Ondo Finance wallets transferred 13.83 million tokens worth $12.2 million into Coinbase Prime about four hours ago.

The two wallets are part of the seven that received 49.41 million tokens worth $35.4 million each from Ondo Finance’s multi-sig 0x677 on September 24 when the price was $0.717.

Since February 5, the seven wallets have maintained an active deposit schedule to Coinbase Prime. The seven wallets performed token distribution amounting to 69.17 million tokens which had a total value of $74.9 million when valued at $1.083 each.

The seven cryptocurrency wallets hold 276.7 million tokens worth $244 million as they presently continue to maintain their funds. On average the wallets retain 39.53 million tokens worth $34.8 million.

The platform ran an extensive strategic treasury reserve across these wallets according to data that shows prolonged large token holdings. High token reserves create solid long-term market trust and provide operational funding for future project development needs.

The recent deposit of 13.83 million ONDO to Coinbase Prime, along with ongoing deposits since February 5, 2025, highlights a proactive management strategy by Ondo Finance. The liquidity management strategy of the company relies on present financial needs and future development requirements which it implements through strategic reserve management.

Together with investors, market watchers monitor token transfers as these metrics provide crucial information on project conditions and also project future trajectory.

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Other articles published on Apr 18, 2025