Just now, I pulled up a transaction on-chain that looked like a “coincidental transfer”: A sent to B, and then B sent to C a few minutes later—the amounts were pretty similar too. My first reaction was almost to jump in on an emotional trade… calm down, I dissected the path. In reality, it’s more like the same batch of funds is doing a “shell swap”: first it comes out of an exchange’s hot wallet, then it uses a middle relay address to dodge labels, then it goes into an aggregator / market maker side, and only at the end does it land at the target address. Straight to the point: it’s not fate’s coincidence—the process is designed to be this convoluted.

Now when I look at the chain, there’s really less room for mysticism; I should think more about why they would take two extra steps. And while we’re on it, the NFT royalties drama that’s been making so much noise also seems to follow the same logic: if money needs to move, it will find the route with the least friction. Creators want to collect, secondary markets want to run, and on-chain routing ends up looking more and more “like a coincidence”… Anyway, I didn’t go on leverage today—bite my tongue for now, even though it’s still burning.