The holdings of ICP whales continue to rise, and this signal is worth paying attention to. According to on-chain data, the accumulation activity of large whale accounts on ICP tokens has been ongoing. An increase in such large holdings often reflects institutional or experienced players' expectations for the asset's future prospects. This type of holding behavior is especially noteworthy during a bear market—it may indicate that market participants are preparing for the next round of market movement. Of course, every move by whales directly impacts market liquidity and price volatility. For traders, tracking these large holders' activities can help better understand changes in the market microstructure.