#空投活动与分配 Seeing the crackdown on Lighter's witch accounts, I have to say this is worth pondering.

Anti-cheat algorithms use data science and clustering methods to identify suspicious accounts, with points redistributed to qualified traders—sounds good, but there's a key point to be cautious about: the algorithm details are not disclosed, with the reason being "to prevent targeted optimization." This explanation sounds grand, but in reality, it means users can't verify why they were labeled as witch accounts.

I've seen too many projects claiming to be "anti-witch," but in fact secretly adjusting distribution ratios. I'm not saying Lighter necessarily does this, but such opaque mechanisms inherently contain risks. The good news is they have an appeal process, and the number of appeals is lower than expected—this might indicate the algorithm is relatively fair, or it could mean the appeal process isn't very convenient.

Most noteworthy is the statement "will not adopt dual-token or equity structures in the future." This indicates they are preparing for future distributions, with value being accumulated into tokens. In other words, the current airdrop distribution could directly impact your subsequent holding weight.

My advice is: if you've received an airdrop, don't rush to sell. But also don't blindly HODL. First, find out if your account has been flagged, and whether you might miss the appeal window. The key to staying active on-chain is to always know where you are and why you're there.