Ondo Finance (ONDO) faces growing market pressure after whale activity linked to Arthur Hayes triggered concerns of a potential sell-off. On-chain data revealed that a Gnosis Safe Proxy wallet deposited 26.28 million ONDO (worth $24.7 million) into exchanges within just 10 hours. Of that, 6.57 million ONDO ($6.19 million) was transferred directly to Arthur Hayes’ Bybit wallet.