Today I saw that kind of "coincidental transfer": a few addresses sending funds back and forth every few minutes, and the group immediately starts speculating about some insider information... I just casually broke down the paths, many of them are actually quite simple: the same person’s wallet trying routing, cross-chain bridge relay addresses, or pre-funding gas / splitting positions before DEX trades, all of which can ultimately trace back to a single source of funds. To put it plainly, the blockchain isn’t short of stories; what’s lacking is patience to fill in the motivations behind each step.

Recently, the testnet incentives and points system have got everyone hyped up, guessing whether the mainnet will issue tokens. But these “coincidences” on-chain might also just be about completing tasks, moving points expectations, the traces look mysterious but are actually a bit like queue check-ins… Anyway, I’m now more interested in whether the liquidity in NFTs suddenly thins out, as sentiment turning points are often hidden in these small changes. That’s all for now, I’m going to get to work.