Ondo Finance has transferred approximately 116 million ONDO tokens, valued at $30.21 million, from its multisig wallet to Coinbase over the past six weeks. On-chain analyst Ember reported that the transfers occurred in a consistent pattern, with around 20 million ONDO tokens withdrawn weekly from the multisig wallet to another multisig address. These were then split into smaller transactions and gradually sent to Coinbase over several days.