Recently, I've been messing around with address profiling again, tags, clustering, sticking them on, and it looks very "understood," but I keep feeling uneasy: the same person might have multiple layers of wallets, go through transfers, and mix in some contract interactions, and the profile quickly gets skewed. To put it simply, tags are more like clues, not verdicts... I now prefer to spend a bit more time breaking down each fund flow, checking gas, timing, and common routes; some "smart money" is actually just the same group of people swapping aliases.

By the way, over on the L2 side, they’re arguing daily about TPS and fees, ecosystem subsidies, which is bigger, and I’m too lazy to pick a side. For someone like me who reconciles accounts in the middle of the night, I only care about two things in the end: where the money comes from, where it goes finally, and whether there’s any step in between that keeps me awake at night. Let’s leave it at that for now; being cautious never hurts.