Ondo Finance's $6.1M Deposit to Coinbase Raises Market Concerns

Ondo Finance, a blockchain project focused on real-world asset (RWA) tokenization, has deposited approximately $6.1 million in ONDO tokens to Coinbase. This significant transaction has captured market attention, with analysts closely watching for signs of selling activity or subsequent wallet movements.

The deposit originated from an Ondo Finance multi-signature wallet, which is a security feature requiring authorization from multiple private keys. While such movements often signal potential selling activity, they also form part of standard treasury operations for blockchain projects.