My phone just popped up a notification saying that some NFT project team transferred 0.01 ETH to several addresses again, and the comment section is full of people shouting “market maker is controlling the order book” and “the big player is entering.” It’s hilarious—just dig into the on-chain data and you’ll know: that address recently happened to receive protocol dividends, and then it turned around and sent a bit of money to a few burner accounts. Most likely it’s just a quick distribution of earnings or artificially boosting activity—there’s basically nothing to do with “coincidence” order-book control. Anyway, right now the drama over NFT royalties is getting heated. With secondary liquidity being bad, the project team is even stingy about maintaining a community, and once the transfer path is slightly circuitous, people start fantasizing about the market. If you ask me, use on-chain analytics tools and stop staring at red dots daydreaming.

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