I'm now looking at whether the project is actually doing work, rather than just watching what kind of promises they make. I'm mainly paying attention to how the treasury funds are spent and whether the milestones are delivered on time. To put it simply: I can still tolerate budget spending on tangible things like development, audits, and ecosystem incentives; but if they start throwing money at filming, conference lighting, KOL packages... I begin to want to withdraw, after all, I’m afraid my impulsiveness might just fuel the fire.

Recently, cross-chain bridges have been hacked again, and oracles have experienced abnormal price feeds. Everyone is just comforting themselves with the phrase “waiting for confirmation.” If the project team is truly serious, they should at least clarify the post-mortem review, compensation plans, and future adjustments, instead of pretending to be dead and just continuing to post milestone posters.

As a short-term emotional trader, I chase after gains when I get excited, but a slap of slippage wakes me up. Now I’ve set a simple rule for myself: if milestones keep missing deadlines and treasury spending becomes incomprehensible, I’ll get off first, and just keep the meme images.