I watched an address last night; its label said “low-risk retail trader.” But when I followed the funds flow, I found this thing was shuffling back and forth across three new L1s—every time right after incentives were released, it gets withdrawn. It’s a classic veteran of “mine-then-sell.”

About address profiling—let’s be real, it’s just a reference. The clusters spit out by the clustering algorithm can sometimes be pretty misleading. For example, a bunch of fresh-looking accounts get grouped together, and the system labels them as “community participants,” but in reality it’s an account-farming pool run by an airdrop-harvesting studio.

Anyway, now when I see labels, I always have to rerun the on-chain trail myself—especially during the recent push when new L2s were pulling in TVL. Even long-time users have been complaining about “mine-then-sell.” No matter how pretty the profiling looks, it can’t fool the money flow.

That’s it for now—I need to go check that address’s early interaction records to see whether it’s an old alias.