These days, memes are heating up again, and I’ve become a bit more cautious. To put it simply, storytelling is something everyone participates in, and the excitement fades quickly after the hype dies down, so I mainly focus on two points: whether on-chain liquidity is still there, and whether the reason I entered the market has changed. If the reason is gone, I’ll exit, even if the price continues to rise afterward.

Additionally, I recently heard news about some regions increasing taxes and tightening regulations, then loosening them again, which could suddenly change deposit and withdrawal expectations. This kind of emotional fluctuation makes meme markets, which are highly driven by sentiment, even more unpredictable. My approach is to split my positions into smaller parts and predefine “the maximum loss I can tolerate,” so I don’t wait until I need to exit and realize gas fees are still high… Anyway, I’d rather miss out than get pierced by a single needle.