Recently, I keep seeing a bunch of people chasing memes—say a couple of lines with celebrities and then rush in. Veteran players advise, “Don’t take the last baton.” And it really isn’t just pretending to be clear-headed… To put it plainly, once your attention shifts, your wallet address becomes a shadow under a streetlamp—anyone can follow along and see what you did.

As for on-chain privacy, my expectations are pretty low right now: at most, “don’t let passersby see straight through you,” but don’t count on it disappearing completely. Compliance isn’t something you can dodge with a single sentence either. Whether you’re walking through cross-chain bridges or swapping things back and forth, if they truly want to investigate, they’ll look to see whether your fund flow makes sense. What ordinary people can do comes down to two things: don’t tie all your actions to a single address, and don’t touch assets of unknown origin. As for the rest… if something goes wrong, the blame probably won’t be on you. That’s it for now.