The Ondo team's associated address sent 26.05 million ONDO to Coinbase, worth approximately $9.79 million.

BlockBeats News, July 18th, according to Ai An, the Ondo team's related address transferred 26.05 million ONDO tokens to Coinbase, worth approximately $9.79 million.

The address had previously received 150 million ONDO from the Ondo team's multisig address on June 23rd. After holding the tokens for nearly a month, it transferred some of the tokens to Coinbase 11 hours ago. This transaction follows a similar path to the previous ones: "Team Address Transfer-In — Address Holding — Transfer to Exchange." The specific purpose of this transfer is currently unclear.