Recently, when I look at the on-chain data, it really gives me the feeling of, “The fun is theirs, and I didn’t get anything.” Today I even saw an address label claiming it’s “smart money,” but all the on-chain actions are basically chasing pumps and selling out after the dump. I’m thinking—maybe users label these addresses themselves? It’s just like putting a “fitness enthusiast” sticker on the fridge, while the fridge is actually packed full of snacks.

Anyway, lately there really have been a ton of messages about new L1/L2 incentives. The guys all say things like, “Dig—withdraw—sell,” acting like it’s nothing but freebie hunting, but the moment the real money is actually paid out, they run faster than anyone. Honestly, it’s kind of entertaining. Still, I feel like relying on address labels to believe in the direction of fund flows is no different from believing that your horoscope determines your life—sometimes it’s right, but in the long run it’s just psychological comfort.

Next time, I might have to think again: will this kind of profiling eventually become a joke? Are you all still tracking some labeled address right now? 😂