These days, someone is again watching whale addresses and copying trades. I also keep an eye on them, but don’t jump to conclusions and assume “it’s about to pump” just because there’s a large inflow. First, think clearly: are they building a position, or hedging/moving funds? For example, adding spot while opening a reverse position in futures, or simultaneously dumping into several pools. Many times, it’s just spreading risk, not making a directional bet. To put it simply, if you follow them with half a position, you might just be matching the half they’re using to offset their risk.

Recently, the testnet incentives and points system are the same. Everyone is guessing whether the mainnet will issue tokens. I admit I’m a bit envious of those who got a bunch of tokens early… but the more I think this way, the easier it is to get caught up. Anyway, now I look at on-chain movements and first verify whether their “net exposure” is increasing or decreasing, then decide whether to act. I’d rather miss out than become emotional fuel. That’s all for now.