Recently, I saw a bunch of NFT groups shouting "The floor has been lifted," and honestly, many times it's just a few people thinning out the order book a bit, like lifting the corner of a carpet, making it look full, but underneath it's empty. The floor price is especially easy to manipulate in illiquid markets, where emotions can "paint" the picture. When you really try to sell, you'll find only a few buyers willing to take the deal.

Royalties are also quite awkward: charging high makes liquidity even thinner in the short term; charging low removes a key part of the narrative support. When the community is hot, everyone is willing to "pay a bit more as an entry fee," but when things cool down, they start looking for shortcuts, and trading depth directly collapses. Recently, Meme and celebrity-driven momentum shifts are more obvious, with attention rotating. Newcomers see a spike and rush in, while veteran players are actually dodging the "last baton"—don't be fooled by the asking price in the screenshot, first check if the order book is thick and if transactions are just a gust of wind. Anyway, I personally prefer to miss out than chase that quick move.