In the last 24 hours, $WAL has shown something interesting on Binance Exchange. Around 1.76M inflow was recorded, and this means many investors are sending their tokens into the exchange. Usually when we see this kind of movement, it tells us people are active, not sleeping on this project.
But honestly, this inflow can be understood in two different ways, and this is where many traders get confused.
First meaning, a positive inflow sometimes shows that people are depositing their $WAL into Binance because they want to sell. Maybe they already made some profit, or maybe fear is entering the market. When tokens move to exchanges, selling pressure can come anytime, so this side cannot be ignored.
Second meaning, and this is also very possible, people are buying $WAL directly on the exchange. Some investors prefer holding their funds on Binance, waiting for price to move up before taking action. This usually happens when traders are expecting a pump or good news ahead.
So, inflow alone is not enough to say price will go up or down. Market is emotional, people react different everyday. One data cannot give full answer.
That is why, before making any move, do your own research. Check volume, price action, market trend and also community mood. Don’t just follow numbers blindly, because crypto can change direction very fast.
