Recently, on-chain discussions often mention, "These transfers are just too coincidental," but when you really break them down, they’re usually not that mysterious: first, funds are withdrawn from CEXs or cross-chain bridges to a bunch of new addresses, then scripts split them into small wallets, and then they go through the same routing (commonly converting to stablecoins, passing through one or two aggregators, and finally ending up in the same protocol pool). It looks like "the same hand," but it’s more like everyone is using the same set of tools + the easiest route.

During airdrop season, it’s even more obvious. Task platforms act like they’re clocking in and out, with a points system that gets rolled out, making everyone’s behavior more templated, and on-chain "coincidences" happen even more often. Anyway, when I encounter suspicious clustering, I don’t jump to conclusions first; I trace the path: the source of funds, time window, whether the routing is repeated, whether the final destination is the same type of asset or contract… After breaking it down, I feel more at ease.