Many new investors don’t understand platform concentration, but honestly this is one of the secret tools to know what people are really doing inside crypto exchanges.
Looking at the image, we can clearly see the line is going down. This means something important is happening. People are withdrawing their WAL (Walrus Token) from centralized exchanges and sending them to external wallets, like hot wallets or even decentralized exchanges.
When investors move tokens out of exchanges, most of the time it means they are not planning to sell now. You don’t withdraw coins if you want to dump them. You withdraw because you want to hold (HODL), keep them safe, and wait for future price moves.
We already saw this kind of behavior before with real projects. For example, with Bitcoin, whenever large amounts were leaving exchanges, price later showed strong recovery. Same thing happened with Ethereum during early bull cycles, whales moved coins to private wallets before big moves.
So for $WAL , this signal can be taken as good news for the project. It shows confidence. People are positioning early, not chasing price later when it is already high.
But don’t rush blindly. Market can still surprise you. Always combine this with volume, trend, and your own research. Trade smart, manage risk, because in crypto, one wrong move and your money can disappear faster than you think.
