Pantera Capital just transferred 154.035M ONDO ($262.7M) to 3 new wallets, including:

• 95.738M ONDO ($162.89M) from 0xc5d9221eb9c28a69859264c0a2fe0d3272228296 to 0xac7dc31d7eab8a15267a386151d851c992f14690

• 48.578M ODNO ($82.68M) from 0x88481f7cdab0cc0f40184164680c90525ba6a366 to 0xdbc83973753e604d11967374198d8fda9e7ce0f0
• 9.719M ONDO ($17.16M) from 0x512218cb6120f45c15720f875d02fc0a07b4b1a6 to 0xe668d74131bef7330d7266c8bb5b31e7db11ad34
• These addresses likely belong to the entity Pantera Capital

Notably, Pantera Capital received 504.903M ONDO, or 5.05% of the total supply, from Ondo Finance's multi-signature wallet 0x677fd4ed8ae623f2f625deb2d64f2070e46ca1a1 on April 28, 2022, when the price was $0.2196 (then $110.9M). The VC has since distributed 433.937M ONDO across 6 new wallets over the years and held the tokens there.

Currently, Pantera Capital only holds 70.966M ODNO ($122.8M) in the 3 original wallets.

The ONDO price dropped 11.83% in the past 24 hours.

Fig 1. The ONDO token flows of Pantera Capital.

Fig 2. The current ONDO holdings of Pantera Capital.