Ondo Finance deposited 4 million ONDO tokens worth $1.56 million to Coinbase, bringing total deposits to 20.2 million tokens since receiving 22.5 million from the team. The token fell to a two-week low of $0.34 after being rejected at $0.42, trading around $0.37 at the time of writing, down 5.28% daily and 10% weekly. ONDO’s spot netflow stands at -$1.51 million, indicating buyers failed to absorb the selling pressure, while protocol capital inflows reached $215 million, an 11-week high. The MACD formed a bearish crossover at 0.01 and the RSI dropped to 48, signaling a potential continuation of the downtrend toward $0.33 if pressure persists.
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