I’ve been lurking for a long time, and seeing everyone track on-chain anomalies following the “smart money” makes me feel a bit panicky. To be honest, a bunch of large transfers and movements between hot and cold wallets really could be a signal, but I’m more afraid of being treated as a retail sucker.

I’ve been thinking lately about how to filter projects for safety. In reality, it mostly comes down to three things: how frequently GitHub commits happen, how deeply the audit reports dig into issues, and who actually controls the upgrade multisig. Read the audit report carefully—don’t just look at the rating; you need to see whether it truly exposes vulnerabilities. A lot of reports are basically just for show.

And there’s the upgrade multisig: if it’s held by the founding team, then plain and simple, they can change the rules at any time. There’s no hard and fast rule—just check more, cross-check more, and reduce information asymmetry. Anyway, my strategy is fairly conservative. I’d rather earn a little less than become the one who gets stuck holding the bag.

…That’s it for now. I’ve been lurking for so long—just popping out to say one thing.