Lately I’ve been seeing a bunch of “address profiling/tag clustering” tools. They keep saying things like a certain wallet is a whale, and another wallet is “smart money,” and it makes me feel a bit tempted but also a bit hesitant… To be blunt, on-chain is indeed transparent, but people aren’t. One person can have a dozen-plus addresses, shuffling funds back and forth, or even splitting a team multi-signature setup and moving it on. Even if the profile looks convincing, it could still be acting. I’ll look at fund flows, but more as clues for “where this fish went,” not as a conclusion.

It also makes me think of today’s social mining and fan token scheme—“attention is mining.” It sounds pretty exciting, but in practice it feels more like putting even emotions on-chain and pricing them… Everyone’s chasing hype, which actually makes it easier to get led by the nose and taken along with the rhythm. Anyway, I still believe: with the least money, buy the most outrageous avatar—at least just to have a good time, so I won’t be dragged around by tags.