Address linked to CHIP team deposits $5.7M in CHIP to OKX

An address linked to the deployer of the USD AI (CHIP) contract deposited 75 million CHIP, worth $5.73 million, to OKX about an hour ago, on-chain analyst ai_9684xtpa reported on X. The sending address, which begins with 0xB9f, was created three days ago and received the tokens from the CHIP deployer address, starting with 0xE23. The entire amount was transferred to the exchange. Deposits to exchanges are typically interpreted as a precursor to selling.