Recently, an interesting on-chain phenomenon has attracted attention. The crypto assets related to a well-known political figure's team have undergone large-scale transfer activities.

The WLFI deployment address transferred 2,400 WLFI to a major exchange, equivalent to approximately $4.14 million. Meanwhile, the team withdrew 162 BTC from the AAVE ecosystem, with 200 BTC directly exchanged for ETH. Even more astonishing, the team deposited 400,000 coins (mixed assets) into an exchange, valued at about $2.25 million.

What does this series of actions indicate? From the data, short-term intensive large transactions and transfers on exchanges usually signal selling pressure. The operation of converting BTC to ETH further reveals a pessimistic attitude towards the current market—exchanging the most stable coin for the most liquid ETH, clearly aiming to exit quickly.

Whether institutions or large holders, on-chain behavior is often more honest than words. This wave of actions indeed signals a lack of confidence in the recent market trend.