Arthur Hayes accumulates 36.88 million ONDO tokens as $0.85 price support faces pressure

Recent on-chain data reveals Arthur Hayes has acquired 36.88 million ONDO tokens valued at $37.56 million over the last month. A significant deposit of 26.28 million tokens ($24.7M) to exchanges within 10 hours, including 6.57 million directly to Hayes' Bybit wallet, has triggered concerns about potential sell pressure threatening the token's $0.85 support level.