Seeing someone use a few "coincidental transfers" as conspiracy theories, I usually don't get excited at first, and slowly analyze the path: where it entered, how many layers it passed through, which pool it was exchanged in, and finally whose regular address it landed on. Many look mysterious, but it's really just funds finding the easiest route, casually bypassing and mixing along the way.

Recently, the NFT royalty debate also seems quite similar: one side says they want to support creators, while the other complains about the lack of liquidity in secondary sales. On-chain, there’s no taking sides, only clearly showing where the money is flowing.

I'm more like watching how the water flows, rather than focusing on how big the waves are. That's all for now.