Lately, I’ve been watching “labels, clustering, and fund flows” on the blockchain every day, and it feels like I’m reading horoscope predictions: everything is said in a way that sounds plausible, but if you truly buy into it, you’re likely to end up paying tuition fees. If an address gets tagged as “smart money/project team/VC,” it might just be someone who borrowed a path yesterday; today they switch to a different disguise and start over… For me, I can only use it as a mood indicator right now: where is everyone squeezing into, and am I about to be the last one again?

Developers are flying high with this wave of modularization and the DA layer, but on the user side it’s basically: which wallet do I click? Why did the gas change again? I’m just as confused, so I can only keep waiting—waiting for confirmation, waiting for a callback, waiting to figure it out, until in the end I realize I was the one waiting for myself not to get carried away. Let’s leave it at that for now.