Recently, I see everyone’s airdrop season has started “clocking in at work” again, and the task platforms are all sorts of anti-witchcraft measures, making points systems as competitive as KPIs... I admit I’m a bit envious of those who have many hands and can always pass the screening. How are they so good at it?

But back to my feelings over the past couple of days of analyzing address profiles: tags and clustering, they’re quite useful, but don’t treat them as IDs. Many clusters labeled as “the same person” are actually just hot wallets from the same exchange, or batch transfers from the same script, or a unified exit point across cross-chain bridges. They look like a family in the diagram, but in reality, it might just be passing crowds lining up to get on the bus. Conversely, there are also cases where it really is one person, deliberately splitting their assets into many pieces, like dividing luggage into several bags.

Now I trust more in “behavior of fund flows”: when they deposit, when they withdraw, which contracts/platforms they move between, and whether there’s a typical rhythm of address washing. Tags can save you time, but if you only draw conclusions based on tags, it’s easy to be misled. Anyway, I’d rather look at two more transactions than mistakenly accuse someone based on a “suspected” tag.