PANews reported on January 18th that, according to Arkham monitoring data, a large-scale transfer of ONDO tokens has recently occurred. Pantera Capital wallet and Ondo Finance have transferred over 200 million ONDO tokens (worth up to $80 million) to the multi-signature address "0x5240". This may be a planned sell-off by early investors and the project team, as this multi-signature address has been distributing tokens to CEXs, including approximately 4 million ONDO tokens transferred to Binance in the past hour. Furthermore, Coinbase, OKX, and Kraken have recently received tens of millions of ONDO tokens through intermediary wallets. Analysts believe this transfer may be a routine token unlock, but traders should closely monitor liquidity depth.