These days, I see a bunch of people watching whale addresses and trying to follow trades. To be honest, you first need to figure out whether they are building a position or hedging: a large transfer to an exchange could be for selling, or it could just be arbitrage, margin replenishment, or even holding spot to short. My habit is to first check what collateral they still have, whether the entry and exit liquidity are smooth, and then see if there are any reverse moves later. Don’t just get excited by “buying/transferring.”

My colleagues are still talking about testing net points and guessing whether the mainnet will issue tokens… I’m a bit worried that this kind of expectation might mislead people, eventually turning into “seeing big players move and rushing in.” Anyway, I only test with small positions; I really don’t dare to go all-in and follow blindly.