On-chain data has some new developments. The ONDO tokens worth $23.1 million recently transferred out from an address suspected to belong to the team, then dispersed into four different wallets. The interesting part is that the transaction history of these wallets shows they have been regularly depositing ONDO to exchanges. Moreover, the pattern is quite clear — not a one-time full deposit, but steady incremental transfers. The direction of these newly transferred tokens can basically be anticipated. Large-scale transfers like this often trigger market volatility, so it’s worth paying attention to the subsequent price movements.