Recently, I’ve been seeing a bunch of address-image/tag clustering posts, with people saying that this one is “smart money” and that one is an “institutional stash.” It looks pretty satisfying, but in my mind I default to pricing it at 70%… Put plainly, just because on-chain behavior matches the narrative doesn’t mean the person is forever “smart”—they might simply have happened to catch the right wave, or it could even be the team splitting positions among themselves to put on a performance.

Especially now, with social mining and the whole fan token thing—people are shouting that “attention is mining,” and addresses are getting tagged with all kinds of labels along the way. Once the money flow gets lively, it starts to feel even more like a vortex: everyone stares at the same chart, the same sentence, and the more you look, the more it feels like the truth. In the end, the baton is often passed to the people who’ve studied the labels the most seriously. That’s pretty ironic.

I’m pretty old-fashioned about preventing myself from impulse-buying: if I see something I want to chase, I close the page first, go pour myself a glass of water, and come back to see if I still want to buy. If I still do, I only place 1/3 of the order—the rest waits until the next day. A lot of the time, by the next day I don’t want it anymore… Anyway, I don’t want to be the “most standard” last person in line who takes the final step.