According to Chain Analyst @ai_9684xtpa, after ONDO was listed on Upbit, GSR Markets allegedly reduced their holdings of ONDO and deposited 3.5 million ONDO tokens worth $4.27 million to Bybit 11 hours ago. GSR has been accumulating ONDO since February this year, with a total of 9 million ONDO tokens at an average price of only $0.5718 (recharge price $1.22). If they sell all of their holdings now, they will make a profit of $2.26 million and currently still hold 3.5 million tokens.