Lately, watching NFT liquidity is really like a broken air conditioner: when the floor price drops, a bunch of listings appear, but there are hardly any actual transactions. To put it simply, what everyone is shouting about isn't the floor price, but the sense of security that "someone will buy." The issue of royalties is also quite awkward—if they're too high, buyers think it's too expensive; if they're too low, creators have no motivation to keep telling their stories... Actually, when community narratives cool down, even routing around the slippage can't save that little bit of liquidity.

Anyway, recently, memes and celebrities can instantly draw all the attention, and newcomers get excited and want to jump in. Veteran players advising against taking the last step seem pretty right to me. My approach is quite timid: if I can keep it private, I do; I don't chase after hotness with my listings. I'd rather earn a little less than be caught up in the "hype" and be seen as withdrawing liquidity.