A team-linked wallet transferred 4 million ONDO tokens worth approximately $1.35 million to Coinbase, bringing the proportion of the initial allocation already directed to exchanges to 60%. ONDO traded around $0.3372 with trading volume down 5.46% to $66.05 million. The $0.3101 support level has become a decisive area for buyers amid selling pressure on the spot market. Technical indicators, including MACD below its signal line with expanding negative histogram, confirm strengthened selling pressure. Derivatives funding remains positive but weakens, reducing bullish support from leveraged positions.
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