Recently, I’ve seen a bunch of people using “tags and clustering” to profile addresses, claiming things like “smart money,” “big operators,” “funds”… and I’m starting to doubt it a bit. To put it plainly, on-chain is just what people do—not their motivation. The same address might be an exchange’s pooled/collected wallet, or it could be a wallet shared by several people, or it might just be a script running around chaotically. Honestly, hard-wiring labels and pretending it means something about the user is pretty easy to get self-absorbed with. And on top of that, the income of miners/validators, MEV, and fairness in transaction ordering are getting criticized every day—rules are still opaque—so what makes you think your profiling can be very accurate? I’m done chasing explanations; if it’s random, then it’s random. Anyway, I only follow the pace I can handle—don’t let other people’s “tag story” drag you along.