Lately I've seen a bunch of people staring at whale address screenshots and wanting to follow, but hold on... to be clear, you need to first distinguish whether they are slowly building a position or doing hedging to spread out risk. That large on-chain transaction that looks like "getting into the game" might just be repositioning or moving liquidity; if you get it wrong, you could end up just carrying someone else's water.

And now, the income, MEV, and ordering issues for miners/validators are being criticized quite harshly. Retail investors see "transactions executed in the same second" and get even more anxious; the more anxious they are, the more likely they are to chase shadows. My simple approach is still the same: first see if they are consistently moving in the same direction for several days, whether they are coordinating with spot or derivatives, then decide whether to make a small move. Anyway, after I mint, I turn off the software, and check again after waking up. The word "hedging" sounds cold, but it helps prevent impulsive actions.