Lately I've been looking at address tagging/clustering again, and honestly, it can be useful but don't be too superstitious. I take simple labels as traps: seeing "a whale/organization is buying" gets you excited, but most likely the labels are mixing a bunch of hot wallet addresses from exchanges, custody, multi-signature, and even bot scripts all together. The fund flow looks like a story, but it's really just packing order + nonce switching dancing around. Especially when the same entity has multiple addresses, or one address belongs to multiple entities, both are common... Now I prefer to focus on on-chain behavior: entry and exit paths, contract interactions, gas habits, time distribution, these details are at least less likely to be misled by "profiling." By the way, the NFT royalty debate is heated, and I see it as similar to labeling: people insist on who is the vampire and who is saving creators, but when secondary liquidity shifts, the fund routes are completely rewritten. Anyway, be cautious, use fewer conclusions, and leave more questions.