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Recently, I saw a bunch of "smart money address profiles," with tags stuck on like a household register... I admit, tracking fund flows is pretty exciting, but honestly, a 60% confidence level is already good: addresses change, funds are split, and it might even be the team themselves performing, and a careless clustering can accidentally lump innocent bystanders and professional yield farmers together. Now, the testnet incentives and points system are even more ridiculous; everyone is guessing whether the mainnet will issue tokens or not, but on-chain it looks "super active," when in fact many are just the same group of people changing aliases to boost presence.
If I could only keep one habit: I only look at where the money ultimately flows, not how many aliases it wears along the way.