Assessing whether ONDO crypto could reclaim $0.50 despite $4.4M whale sale
Photo: AMBCrypto
The crypto market has witnessed massive selling pressure over the past three days. Amid this intense downside pressure, some long-term Ondo [ONDO] whales are capitulating and exiting the market. A whale offloads ONDO worth $4.4M According to on-chain monitor Nazoku, a long-term ONDO investor, mcaavebank.eth, sold 9 million ONDO worth $4.4 million. The sale was executed after five months of providing liquidity on Uniswap. The investor's decision to exit during a downward trend reflected fear. Notably, the exchange flows also reflect this sell-side activity. ONDO’s Spot Netflow turned positive after being negative for four consecutive days.
Source: AMBCrypto
