I just dug through some data: an address, 5 minutes before a project governance proposal vote, withdrew just enough coins from a CEX to meet the voting threshold. The moment the vote was cast as “For,” it immediately sent the funds back to the exchange. Everyone in the comments is shouting “what a coincidence.” I did a quick scan of the fund flow along the chain—three layers back, the source of this address’s funds traces to the main address in another voting small group. Coincidence my ass—this is clearly a path that was designed on purpose. They deliberately didn’t move large amounts at once, splitting it through channels to wash it through.

This kind of “hidden path” is actually pretty common. It looks scattered, but if you trace it to the source, it’s all wallets from the same group of people. Retail traders always think some proposal passes out of nowhere—on-chain data is right there; it’s not magic. Someone specifically washed their “hands” again and again. By the way, I’ll add this: miners have also been arguing recently about MEV sorting fees—at the end of the day, it’s also about how paths are taken and how transactions are ordered.

Anyway, I’m only checking whether the path logic is right. If it’s wrong, I’ll point it out—I don’t feel like worrying about whether people will pump or dump.