For the past couple of days I’ve been looking at address profiling and it’s gotten a bit overwhelming—also a little “I don’t want to be convinced too easily”… All kinds of tags and clusters split people into “Smart Money,” “Diamond Hands,” and “wool/airdrop hunters,” basically giving emotions a reason. But once you get down to the on-chain reality, a transfer back and forth might just be someone switching wallets to avoid suspicion, or borrowing a friend’s account to make their presence felt—who knows.

Recently, the L2 side has been arguing again about TPS, fees, and subsidies. Everyone talks about parameters, but on-chain it’s very straightforward: whichever side is cheaper and has more activity, the money just moves there first. My mindset has “updated,” too: going from v1.0, where I’d get excited just seeing the tags, to v1.2, where I pause for two seconds before reacting and think—are these tags really pointing to people, or to scripts behind them? Anyway, now I’m more willing to focus on floor price and royalty changes. At least, they can’t fool me for too long.