Today I saw someone again mistake a few "coincidental transfers" as a big deal, screenshot it and start speculating.

Now I prefer to break it down: where the money comes from (exchange/mixer/old wallet), how it moves in the middle (batch transfers, change, small change to fill gas fees), where it ends up (same collection address, contract interaction, or directly back to CEX).
Most so-called coincidences are actually just boring path reuse + convenience.

By the way, I also envy those who can tell a story just from a single on-chain diagram, traffic is really tempting...
But honestly, don’t treat announcements as fundamentals, and don’t take "looks like" as evidence.

Recently, NFT royalties are causing a big fuss again, creators say they want income, trading platforms say they want liquidity.
It's the same on-chain: if you want a "clean narrative," the market will give you "more covert paths."
For now, let’s keep watching the excitement until it quiets down.