I just looked into an on-chain transfer. Several addresses passed funds back and forth like a relay baton. It looks like a coincidence, but there are traces at every step. In reality, it’s an MEV bot washing the path—by inserting a new address in the middle as a jump point, like a sticky note; each node has a label attached. If you break this kind of “coincidence” down, it’s just a chain of self-interest—nothing mysterious. The recent back-and-forth over NFT royalties is the same: creators complain that the market isn’t performing well, while the market blames the lack of liquidity. Put plainly, the underlying routing is just as complicated. Anyway, I’m used to first drink some tea—once you’ve looked at enough on-chain data, you’re less likely to be fooled by appearances.

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