Address profiling can be a bit mystical sometimes. Just looking at on-chain tags and clustering makes it easy for people to slap labels like “arbitrageur,” “whale,” or “airdrops farmer,” but who knows whether the wallet behind it is actually the same person? Take the recent wave of social mining and fan tokens—some people say “attention is mining.” I stared at a few addresses for a long time and found that in some so-called “big V” wallets, there were all kinds of witchcraft operations: clusters turned up a bunch of small accounts, and I could only shake my head. Anyway, what I don’t regret is sticking to a small-but-steady strategy—following the real liquidity along the AMM curve is more reassuring than trusting address profiling.

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