I just saw a post about an address profile. It sounds very convincing, with labels like “smart money” and “whales” clearly attached. Honestly, I’m a bit skeptical about how much you can really trust this stuff. Labels are one thing, but fund flows are the real deal, right? Just looking at which protocols an address follows today and where it goes tomorrow—without continuous net inflow/outflow data over several days—it feels like you’re looking at flowers through the fog. When I look at TVL, I also need to combine it with changes in active addresses; otherwise, just judging by up and down is too hollow.

Lately, I’ve seen a lot of discussion around RWA. When U.S. Treasury yields drop, on-chain yield products get pulled out and compared right after. I’m curious too, but I want to know whether the “activity” behind those addresses is truly people repeatedly operating, or if it’s just dead money sitting there. It’s better not to blindly follow labels—first, take a look at how the money actually moves.