Just saw a transfer and, on the first glance, I really thought it was a “coincidence”—tens of millions of USDC crossed over via cross-chain, and almost at the same time, the same amount was sent out on another chain. The group chat immediately blew up—everything from depegging to “audit hiding bombs” was being discussed. Later I found the path was actually pretty clear: a certain protocol was doing cross-chain route arbitrage, passing through a liquidity pool in the middle, and the order was simply offset by block time. To put it bluntly, most on-chain “coincidences” are just information gaps; when you break things down, most of them end up having cause and effect. Anyway, the screenshots being shared in the group lately are getting more and more bizarre. Emotions spread faster than data—better to steady yourself before you act.

USDC-0.02%
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