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ICP Holdings Across Major Exchanges Reach 62.39M Tokens
Current snapshot shows 62.39 million ICP tokens sitting on exchange wallets today. This metric matters because it signals liquidity levels and potential selling pressure in the market. When exchange balances climb, it typically means more coins are staged for potential distribution. Conversely, declining balances suggest accumulation activity or movement to self-custody wallets.
Trading platforms continue to be key distribution hubs for ICP, making these on-chain metrics essential for tracking macro sentiment. Whether these holdings represent long-term inventory or short-term trading positions can shift market dynamics significantly.
Keep tabs on this figure as exchange inflows and outflows often precede major price movements.