Recently, screenshots of "whale addresses" on the blockchain have been flying all over the place again, with everyone rushing to copy the trades. I get a bit serious: you need to first figure out whether they are building a position or hedging. Many so-called "big buys" actually have reverse positions in perpetuals/options nearby, or are transferring coins into CEXs to short at the same time, in other words, locking in risk, not telling you to rush in. Not to mention some addresses are funds/market makers, moving funds back and forth across multiple wallets, with net exposure possibly unchanged.

And now with social mining, fan tokens, and that "attention equals mining" approach, the more lively it gets, the easier people are to focus on leaderboards and track addresses, while ignoring the basics: what you authorized, what you signed, whether you clicked on unfamiliar contracts. First, understand the position structure and fund flow, then decide whether to follow or not.

Forget it, don’t see yourself as a shadow of a whale.