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wifi signal keeps blinking not the wifi icon

Hello, I am using a MotoG 4 Plus android device. Of late I notice that a wireless signal logo blinking signal appears on the left side of the status bar on the top line the home screen. For me, it seems the phone is sending wifi signals to some resource or receiving signals from some resource.

I don't think I noticed this anytime earlier. I have been using the instrument for almost 2 years plus. Yesterday, the 11th FEB 2019, I changed the primary SIM into 4G enabled BSNL SIM. Has it got something to do this blinking? I keep my data access off always unless I need it for navigation.

Is this a malfunction of a virus threat? Do I ignore this or take expert advise/repair? Please assist.
 
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