Recently, I've been looking at various "address profiling" tags, and the more I look, the more I think they're just gossip for after-dinner entertainment... Clustering a bunch of addresses together seems plausible, but honestly, it's just a game of probabilities: the same flow of funds doesn't necessarily belong to the same person, and conversely, one person can split into ten "new wallets." This is even more obvious during airdrop season, where task platforms are both fighting against fake accounts and implementing point systems, with airdrop hunters working as hard as clocking in at a job. On-chain traces instead look more like "template-based behavior," making tags more prone to false positives.

My colleague also asked me, "Is this the market manipulating to accumulate?" I can only say: don't trust tags too much, first look at transfer paths and interaction counterparts, then add some timeline context, at least so you won't be easily led astray.