Recently, there’s been more and more discussion about stablecoins de-pegging. In reality, it’s often not some big on-chain event that happens—people’s emotions kick off the run first: where exactly the reserves are held, who’s auditing them, and whether you can redeem them at any time. These are details that usually nobody pays close attention to, but the moment rumors start, everything turns into: “run first, ask questions later.” Lately, I actually care more about transparency and the redemption path. I’d rather move more slowly than have my emotions push me into smashing the market at spot prices in a panic.

In the past two days, the group chat has also been flooded with talk about staking unlocks and token unlock calendars. Put simply, it’s that anxiety about selling pressure spreading fast—once you hear it too much, you start getting restless. I need to remind myself: I tend to fall for oversimplified, one-sentence conclusions—“stability = absolute safety” and “unlock = it must go down.” These kinds of conclusions are the easiest way to pull people into revenge trading. First, take a drink of water and wait until your head is clear before you act.