I just looked up an address on Dexscreener. The label says “a certain institution market-maker,” but when I clicked in, the entire fund flow turned out to be small accounts moving bricks and cross-chain arbitrage. Things like address profiling on 🤷—sometimes they’re accurate, sometimes they’re just “data that someone fed in.” If you trust it blindly, you’re likely to step into a trap. I usually only look at the fund flow and the list of interacting protocols. The labels can only be a reference, especially for addresses that have been “tainted” (for example, ones that have been used to mix funds or frequently interact with suspicious contracts); for those, the profiling basically can’t be trusted.

That said, the recent community arguments about the boundary between privacy coins and mixers are pretty interesting. Under compliance pressure, many people’s label systems directly tag these addresses as “high risk,” but in reality the users may just be legitimately using an L2 or a cross-chain bridge. If you had only looked at the labels and made a cutoff decision back then, you might lose a lot of real fund paths.

I’ve just formed the habit: first look at the fund flow, then the labels, and finally judge based on my own experience. Never put your faith in the two words “profiling”—behind the data, it’s still people.