Ondo (ONDO) tokens worth $4.47 million transferred to OKX

Ondo (ONDO) traded near $0.50 following a significant transfer of 9 million tokens, valued at approximately $4.47 million, to the OKX exchange. The movement originated from a wallet linked to mcaavebank.eth, which had previously provided liquidity for ONDO on Uniswap. While the transfer to a centralized exchange makes the tokens available for trading, it does not confirm that a sale has been executed.

Despite broader market selling pressure, ONDO has shown relative strength. The token recently rebounded from a low of $0.43 to reach a daily high of $0.49. This resilience follows the launch of Ondo Private Markets, a platform designed to provide eligible investors with tokenized exposure to private companies in sectors such as artificial intelligence, robotics, cybersecurity, and biotech before they go public.