According to CoinMeta, on-chain alerts can help users distinguish between valid signals and noise. For example, when a large amount of tokens is transferred to an address labeled as an exchange, it may trigger an alert. If the price has already fallen, this transfer could be a whale selling its holdings. By checking the transaction details, one can see that the tokens are sent to an address considered related to an exchange, but this does not confirm that they have been sold. Users can look up the transaction hash through a blockchain browser to find out which tokens were sent, in what quantity, and to which addresses. On-chain monitoring can provide more information about whale alerts, helping analysts identify transaction patterns.