Late at night, I’m flipping through a bunch of address relationship diagrams again—staring at that kind of “coincidental transfer” for so long that my eyes start to blur… At first it felt like some kind of mysticism: A sends to B, then B loops around and sends to C, and it just so happens to line up in the exact same time window. Later, when I forcefully break down the paths instead, it’s clearer: some are the same person splitting funds to test the waters, some middle wallets act like “toll stations” on the route, and there are also those that are obviously laundering NFT floor prices—raise it first, then quietly route it back. After watching too many cats, you kind of get numb to it… meow. Haven’t we been talking about social mining and fan tokens again lately? Attention as mining sounds super hype, but when you actually run the path on-chain, in the end it’s still just those same few addresses “settling” the traffic… Anyway, it’s better to keep an eye on where the money gets aggregated than to obsess over the hotness.

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