PANews reported on April 17 that according to monitoring by on-chain analyst @ai_9684xtpa, the address associated with the ONDO project recharged 200,000 OMNI (worth US$6.65 million) to Coinbase 20 minutes ago. 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 2024.01.18 (accounting for 10.39% of the total circulating tokens).
This institution may have a close connection with Coinbase. The large inflows and outflows of ONDO in the past few months have all occurred on Coinbase. This time, a large amount of recharge was completed in time after the announcement of the launch of OMNI.
@ai_9684xtpa posted an update saying: This address may belong to Coinbase Ventures for the following reasons: 1. The Coinbase Ventures Portfolio page can be used to query the project investment information of Omni and Ondo; 2. Coinbase will support spot trading immediately after OMNI goes online; 3. The institution can quickly top up large amounts of funds after the information is released.
