Pantera Capital transferred 83.9 million ONDO, potentially facing selling pressure

According to on-chain analyst Yu Jin (@EmberCN), Pantera Capital, the leading investor in Ondo, transferred 83.9 million ONDO (approximately $22.11 million) 5 hours ago, and the market expects this batch of tokens may be sold soon.

The address receiving the above tokens has a similar operation record: a year ago, this address received 34.28 million ONDO (approximately $42.52 million) from the multi-signature address of the Ondo project party, which was then transferred in batches to Coinbase Prime.