Lately, the liquidity of NFTs has really cooled down: there are a bunch of listings at the floor price, but only a few transactions, and royalties are even more awkward—buyers think it's too expensive, and creators rely on this to keep going. Honestly, what still drives trading now is storytelling; when the community is hot, everyone is willing to pass the baton, but when it cools down, all that's left is the soul-searching question of "Is this artwork really worth it?"

Yesterday, I tried to grab a spot for a small project’s supplementary ticket, but the page kept spinning, refreshing/retrying until my fingers were sore. In the end, I queued up and found that the secondary market already had little depth... It’s pretty realistic.

By the way, the group is again arguing about privacy coins, coin mixing, and compliance boundaries, arguing more actively than the project updates. It feels like when market sentiment tightens, everyone’s sensitivity to “clean or not clean” is directly reflected on the floor price. That’s all for now, continuing to wait for opportunities.