These days, I see everyone arguing about NFT royalties again, basically it’s creators wanting to survive and secondary markets wanting to sell quickly. From an on-chain perspective, the floor price is often not a “consensus,” but more like an illusion created when liquidity is thin and a few trades push the price up. When it’s time to sell, you realize the depth isn’t enough, and slippage quickly discourages people... Higher royalties mean fewer listings; cutting royalties entirely makes the narrative easier to cool down, and the community may not buy into it either. Anyway, I now see NFTs more like a mood thermometer: when it’s hot, everyone talks about culture; when it’s cold, all that’s left is “can I sell immediately.” I just monitor fund flows and holder changes infrequently, avoid impulsiveness, and that’s it for now.