Just took a look at the on-chain activity, and it’s the same kind of “perfectly timed” wallet-to-wallet transfers—everyone’s shouting about a huge whale’s setup. But honestly, where would all those “coincidences” come from? Most of it is market makers testing their routes, or sybil addresses rehearsing how to perfectly evade sybil detection. Look at the current airdrop season—this points-based system has made the “free-money” hunters behave like they’re clocking in for work. Ironically, this kind of transfer is actually the easiest for anti-sybil measures to catch. When you break down the transfer paths, they’re all running from the same set of scripts. No substance.

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