Recently, I saw those "coincidental transfers" on the blockchain again: A just bought, and B follows right after, almost like there's an insider. But when I break down the paths, many are actually quite simple—distributing from the same CEX hot wallet, replenishing market-making addresses, the same group of people using the same scripts to make timed transfers, and in the end, it just looks like "tacit understanding." To put it plainly, the blockchain doesn't lie, but it can lead people to imagine things.

These days, memes and celebrity pump calls are heating up again. Newcomers ask me if someone is leading a team. I can only say, attention shifts are the biggest deceivers; the last person to jump on is usually the most confident (a slight irony). I still stick to my approach: slowly add during panic, watch the chain more than the emotions during the hype, and that's it for now.