ONDO team transfers $23.1 million across 4 wallets; historical activity indicates exchange selling pressure

According to the latest news, $23.1 million worth of ONDO tokens were transferred from a suspected team address early this morning and allocated to 4 different wallets. On-chain data monitoring shows that these four wallets have previously been depositing ONDO tokens into exchanges in batches. This transfer may continue that pattern, indicating that a large amount of tokens could soon flow into exchanges. Currently, ONDO is priced at $0.3995, having experienced a continuous decline, and this transfer adds a shadow over the market.

Core Data of On-Chain Transfer

Transfer Scale and Characteristics

The key data related to this transfer are as follows:

• Transfer amount: $23.1 million ONDO
• Transfer time: Early morning of January 10, 2026
• Source address: Suspected team address
• Destination addresses: 4 different wallets
• Monitoring agency: onchainschool

The dispersal of the transfer warrants attention. Distributing large amounts of tokens across 4 wallets instead of a single address usually suggests two possibilities: one is to avoid market surveillance and prevent a single large transfer from causing excessive price impact; the other is to release liquidity gradually in batches. Regardless of the reason, it indicates potential market pressure facing these tokens.

Historical Behavior Patterns

Even more concerning is the historical behavior of these four wallets. According to on-chain data, these wallets have previously been depositing ONDO tokens into exchanges in batches. This ongoing transfer pattern suggests:

• These addresses are directly or indirectly linked to exchanges
• They serve as important channels for ONDO tokens entering market circulation
• This transfer is likely to repeat the pattern, with tokens gradually flowing into exchanges

ONDO Market Performance and Background

Current Price Trend

ONDO is currently under significant downward pressure:

From the 30-day cumulative decline, ONDO is clearly in a weak state. The current price is $0.3995, with a market cap of $126 million, ranking 55th among cryptocurrencies.

Project Significance Cannot Be Ignored

Despite short-term price pressures, ONDO remains a leading project in the Real-World Asset (RWA) sector, with solid fundamentals:

• On-chain trading volume exceeded $6.3 billion in 2025, demonstrating business scale
• Passed SEC regulatory investigations in the US, with a strong compliance foundation
• Established partnerships with traditional financial institutions such as McKinsey and Franklin D. Roosevelt
• Holds a 14.10% weight in Grayscale’s DeFi fund, indicating high institutional recognition
• The upcoming New York Summit on February 3, with participation from giants like BlackRock and State Street

Potential Impact of Large Transfers

Short-term Market Pressure

If this $23.1 million transfer indeed flows into exchanges, it could have several effects:

• Increase supply pressure in the market, especially if sold in batches
• Potentially accelerate recent downward trends
• In the context of a broader correction in the RWA sector (down 4.85% in 24 hours), ONDO may face greater pressure

Deeper Considerations

However, this transfer should be viewed rationally:

• Token transfers from team addresses are normal operational behavior and should not be over-interpreted
• Distributing tokens across multiple wallets may be a routine risk-diversification and liquidity optimization measure
• As a leader in RWA, ONDO’s long-term value proposition remains unchanged despite short-term transfers

Summary

This transfer of $23.1 million worth of ONDO tokens is indeed noteworthy, but it’s important to distinguish between short-term volatility and long-term value. On-chain data suggests these tokens may face inflow pressure into exchanges, potentially intensifying short-term price declines. However, considering ONDO’s ongoing project developments—such as the February summit, expansion within the Solana ecosystem, and collaborations with traditional financial institutions—positive factors continue to support its outlook. For investors, the key is to recognize ONDO’s leading position in RWA, remain rational amid short-term fluctuations, and closely monitor subsequent policy and business developments.