The biggest cryptocurrency venue Binance tweeted that it intends to perform a standard operation on their wallet maintenance over the next few days.
The Twitter/X account of the exchange added that users may see large cryptocurrency transfers on various blockchains made from its wallets.
This is the reason why I was receiving so many whale alerts for tokens I had set up Telegram notifications for whenever there was some large transfers. I thought it was because we are in a bullish period with high demand but it turns out that it's just routine maintenance. For some people it might be disappointing that these movements didn't indicate that there was a big pump coming but it is still important that Binance conduct these operations in order to maintain a high level of security and reliability.