I find that as soon as I see address labels like "whale/smart money/some specific series," I get the itch to follow them, mainly because I'm afraid of missing the emotional turning point... Honestly, it's just FOMO wearing a more respectable disguise. But if you really go and check the on-chain data, many clusters are just so-so: the same group of funds moving back and forth between L2 and the mainnet, stablecoins coming in and out now and then, looking like actions, but it might just be routine arbitrage/making markets. Recently, with social mining and fan token sets—"attention as mining"—I'm a bit confused whether it's a new narrative or just a new label. Anyway, better to take some precautions, treat labels as references rather than commandments, and don't let others' portrayals steer your mindset.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin