I just finished sending out a bunch of voting reminders, and I casually checked our treasury, and found that the scariest thing isn't the drop, but the kind of “hanging there and not moving” where no one is willing to take the other side... When liquidity dries up, the bottom line is to survive first before talking about bottom-fishing. Don’t rush to fire off all your bullets—keep some cash/stablecoins on hand to get by with, cover gas, and handle emergencies, or when you actually need money, you’ll only be able to cut your losses.

Recently, that mainstream public chain is about to upgrade/undergo maintenance, and the group has started speculating whether the ecosystem will move. I don’t know if it will migrate, but at times like this, it’s most likely to run into the awkward situation of “the bridge is clogged, you can’t withdraw, you can’t swap.” In any case, what I’m doing now is: do less, bridge less, and keep a smaller position—if you can exit, exit first; don’t keep picking a fight with yourself. When the liquidity comes back, it’s not too late to slowly pick things up again.