We investigate transient clustering dynamics in nonlocal aggregation-diffusion systems from an energetic perspective. Starting from a stochastic interacting particle system, we study the associated macroscopic McKean-Vlasov equation on the torus and exploit its Wasserstein gradient-flow structure to analyse the thermodynamic competition between interaction-driven aggregation and entropy-driven diffusion. Through numerical experiments for locally attractive interaction kernels, we identify alternating aggregation- and diffusion-dominated transient regimes along trajectories converging to fixed equilibria. These dynamics can be interpreted as a form of non-monotone clustering behaviour. Moreover, we demonstrate that clustering observables, such as the density peak height, are only partially coupled to the underlying energetic mechanisms and therefore do not uniquely characterise the relevant macroscopic transport dynamics. Our results highlight the role of the variational structure not only for equilibrium analysis, but also as a framework for understanding transient clustering phenomena in interacting particle systems.