Recently participated in a new coin issuance, and the returns are pretty good—about 100 bucks profit. To be honest, I haven't seen such numbers in the past few months, unless it's a coin that was directly dumped. Thinking back to some recent new coin launches, they used to send crazy profits round after round, but those days are gone. Given the increased market volatility, I adopted a more cautious approach—hedging directly to lock in gains. This decision also comes from lessons learned: the last new coin I participated in has already fallen below the issuance price, and I was cut once back then. I don't want to repeat that mistake this time. It seems that when it comes to new listings, just looking at the returns isn't enough; risk awareness needs to keep up.