Massive ONDO Flow: Two Wallets Deposit $12.2M on Coinbase Prime as 7 Wallets Hold $244M

Two Ondo Finance wallets transferred 13.83 million tokens worth $12.2 million into Coinbase Prime about four hours ago. 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 wallets linked to @OndoFinance deposited 13.83M $ONDO ($12.2M) to #CoinbasePrime 4 hours ago.

🔹 These wallets are part of the seven that received 49.41M $ONDO ($35.4M) each from Ondo Finance's multi-sig 0x677 on Sept 24, 2024, when the price was $0.717.

🔹 Since Feb 5,… pic.twitter.com/ZBObl8TtmN

— Spot On Chain (@spotonchain) March 25, 2025

Historical Deposits and Recent Activity

In September 2024, Ondo Finance transferred 49.41 million ONDO tokens worth $35.4 million when the price was $0.717 to seven predetermined wallets through its multi-signature wallet address 0x677. When the token stood at $0.717 price during its initial market entry phase. 

Since February 5th, 2025 the seven wallets have maintained an active deposit schedule to Coinbase Prime. The seven wallets performed token distribution amounting to 69.17 million ONDO tokens which had a total value of $74.9 million when valued at $1.083 each. 

Current Holdings and Strategic Implications

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.

What’s Ahead

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.