Recently, I saw a bunch of people watching large on-chain transfers and fluctuations in exchange hot and cold wallets, then starting to interpret "smart money is coming"... Frankly, what I care more about is: have these addresses also conveniently taken control of governance? Delegated voting was originally for convenience, but gradually it turned into a few big accounts/institutions boosting each other, no matter how beautiful the proposals are, in the end, it still depends on who has more votes. Ordinary people are either too lazy to vote or delegate their votes to seek "someone to manage," and then they also have a sense of who the governance tokens are really controlling. Anyway, I now prefer not to vote at all rather than blindly delegate, read the signatures carefully first, set periodic authorizations, and avoid becoming tools.