According to Techub News, @ai_9684xtpa monitored that the address associated with the ONDO project transferred 200,000 OMNI to Coinbase 20 minutes ago, worth about 6.65 million US dollars. This address may belong to an early investment institution that invested in both Ondo and Omni.

This address received 200,000 tokens distributed by the OMNI project 18 hours ago (accounting for 1.92% of the total circulating tokens); it also received 144 million ONDO distributed by the Ondo project on January 18, 2024 (accounting for 10.39% of the total circulating tokens).

@ai_9684xtpa speculated that the institution may have a close connection with Coinbase. The large inflows and outflows of ONDO in the past few months all occurred on Coinbase, and this time the large transfer was completed in time after OMNI went online.