Golden Finance reported that according to the monitoring of on-chain analyst @ai_9684xtpa, after ONDO was listed on Upbit, GSR Markets was suspected of reducing its holdings of ONDO, and recharged 3.5 million ONDO to Bybit 11 hours ago, worth $4.27 million. GSR has continuously built positions of 9 million ONDO since February this year, with an average price of only $0.5718 (recharge price of $1.22). If all of them are sold this time, they will make a profit of $2.26 million. Currently, they still hold 3.5 million tokens.