Recently, analyzing on-chain address profiles with that set of "tags + clustering + fund flow," in simple terms, is like labeling wallets with personalities. I really enjoy watching it, but I don't dare to fully trust it... The same person using a dozen different accounts, transferring back and forth among "flesh-and-blood" accounts, and suddenly their profile shifts from "steady large holder" to "suspected project team," which is absurd but also understandable. Not to mention when exchange hot wallets get involved, the fund flow looks like a tangled noodle, stretching endlessly, making my eyes go blurry.

Modularization and the DA layer are the same; developers are chatting excitedly, while ordinary users are left wondering, "So which one should I use?" My current approach is: treat tags as hints, not conclusions; when I see "so-and-so smart money," I pause for three seconds, then check if they only do airdrops... After all, there's no ID card on the blockchain, so don't be too superstitious about "profiles," as it can easily scare you.