Massive Withdrawal from Coinbase

by Mohamed Farouk

4 hours ago

In a significant move within the cryptocurrency market, a newly established wallet has made headlines by withdrawing a staggering amount of ONDO tokens from Coinbase. The source notes that this action could indicate a shift in market dynamics and investor sentiment.

Withdrawal of ONDO Tokens

The wallet, identified as 0xFFE, executed a withdrawal of 4.187 million ONDO tokens approximately 20 hours ago. This transaction has been closely monitored by The Data Nerd, raising eyebrows among crypto enthusiasts and analysts alike.

Market Implications

Such a large withdrawal could indicate a strategic shift in the market or a potential accumulation strategy by the wallet's owner. This has prompted speculation about future price movements for ONDO.

Despite the recent withdrawal of 648,000 HYPE tokens by Dragonfly Capital, the asset continues to face selling pressure, contrasting with the significant ONDO token withdrawal reported earlier. For more details, see further information.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

CZ Advises Caution Regarding Memecoin Trading.

CZ warns traders about the risks of investing in memecoins, emphasizing the need for strong culture and usability.

Ayman Ben Youssef5 minutes ago

KII Academy Established to Promote Blockchain Learning.

KII Academy launched to develop human capital for the Kaspa ecosystem, targeting developers and startups with programs on technical architecture and smart contract development.

Son Min-ho5 minutes ago

Generational Shift in Trust Definitions Impacts Financial Landscape

The OKX cryptocurrency trust survey reveals a generational shift in trust definitions, with younger generations valuing technological transparency and Baby Boomers relying on institutional reputation, impacting financial product development and regulatory policies.

Kofi Adjeman5 minutes ago

Survey Highlights Trust Gap Between Generations in Financial Institutions

The OKX cryptocurrency trust survey highlights a significant trust gap between Baby Boomers and younger generations towards traditional banks, with 74% of Baby Boomers expressing high trust compared to only 20% of Millennials and Gen Z.